Today, Mark Udall released the following statement after U.S. Transportation Secretary Ray LaHood announced that the US 36 project has been selected to apply for a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to develop multi-modal solutions to address congestion on the corridor.
The Colorado project was one of five selected to submit a loan application, which the Department of Transportation will review. If approved, the loan would go toward financing part of the estimated total project cost of $139.7 million.
"The increased congestion that drivers encounter on the thoroughfare between Boulder and Denver grows worse every year," Udall said. "Coloradans deserve a safe and efficient commute, and I will fight to ensure that we get our fair share of federal support. Innovative financing programs like TIFIA are helping to make that possible."