Last night the Knik Arm Bridge and Toll Authority, responsible for development of the $750 million Knik Arm Crossing project in the Anchorage, Alaska region, filed a letter of interest with the USDOT for TIFIA credit assistance. It is one of the first, if not the first, letters of interest filed under the USDOT’s July 27 Notice of Funding Availability implementing the MAP-21 amendments to TIFIA.
KABATA filed a letter of interest in November 2011 for a $308 million TIFIA loan. With the changes in MAP-21 authorizing TIFIA credit assistance up to 49% of eligible project costs and ...
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