The U.S. Department of Transportation announced Thursday that the Build America Bureau would be providing an up to $1.05 billion low-interest loan to Capital Beltway Express, LLC to refinance an existing loan for construction of the Capital Beltway express lanes, part of the 495 NEXT Project.
The Build America Bureau provides communities with Transportation Infrastructure Finance and Innovation Act loans (TIFIA) and other funding to help reduce the cost of infrastructure projects.
