DOT Issues TIFIA Loan for Oklahoma Expressway Project

Transport Topics Eleanor Lamb | Staff Reporter May 27, 2020 11:30 AM, EDT

The U.S. Department of Transportation recently announced it will provide a loan for up to $120.1 million to the Oklahoma Turnpike Authority for an expressway project in the Tulsa area.

The Transportation Infrastructure Finance and Innovation Act loan, announced May 20, will be provided through DOT’s Build America Bureau. Rather than grants, the TIFIA program offers direct loans that support projects related to highways, bridges, intelligent transportation systems, freight facilities and transit.

Specifically, the loan will be dedicated to the Gilcrease Expressway West project, which is meant to relieve congestion during peak travel hours. Tulsa is about 100 miles northeast of Oklahoma City...

View the full article: Transport Topics

1 view0 comments

Recent Posts

See All

City approves statewide Route 66 bicycle path

Sapulpa Times By Micah Choquette July 28, 2021 Sapulpa City Council unanimously approved the proposed statewide bicycle route that will run the entirety of historic Route 66, a portion of which will r