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TIFIA Loan of $874.6 Million Awarded to Maryland Purple Line Project

June 16, 2016 - in Financial, Rail

WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan of $874.6 million to Purple Line Transit Partners, LLC, for implementation of the Maryland Purple Line.  The…

U.S. Department of Transportation Announces $255 Million Loan for New Railcars to Improve Transit Service in Chicago

March 31, 2016 - in Financial, Maintenance, Rail

WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced the closing of a $255 million Transportation Infrastructure Finance and Innovation…

Federal Railroad Administration Issues $967.1 Million MTA Loan to Finance Critical Safety Upgrades to the Nation’s Largest Commuter Railroads

May 10, 2015 - in Financial, Transit

WASHINGTON – The Federal Railroad Administration (FRA) today closed on a $967.1 million Railroad Rehabilitation and Improvement Financing (RRIF) loan…