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The U.S. Department of Transportation today announced that its Build America Bureau has provided a $45 million low-interest loan to the Oklahoma Capital Improvement Authority

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June 8, 2023

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The U.S. Department of Transportation today announced that its Build America Bureau has provided a $45 million low-interest loan to the Oklahoma Capital Improvement Authority (OCIA), on behalf of the Oklahoma Department of Transportation (ODOT) to improve rural road safety. By providing Transportation Infrastructure Finance and Innovation Act (TIFIA) loans and other financing, the Bureau helps communities expedite infrastructure projects and reduce project costs.

TIFIA loan in Oklahoma results in significant cost savings and safety benefits