UP overpass project included in Louisiana's TIFIA loan

The U.S. Department of Transportation (USDOT) announced that its Build America Bureau has provided a Transportation Infrastructure Finance and Innovation Act (TIFIA) direct loan in the amount of up to $36.4 million to the Louisiana State Bond Commission for two transportation projects. 

The USDOT provides TIFIA loans and other surface transportation infrastructure financing through the Build America Bureau to help reduce costs and speed the delivery of infrastructure projects, according to a news release.

The projects that will benefit from TIFIA financing include the Union Pacific Railroad Overpass Project in  Morehouse Parish.

The projects are part of the $159.8 million, four-project loan package approved by the department in August.