The U.S. Department of Transportation announced Monday that the Build American Bureau (the Bureau) will provide up to $338.6 million to the Chesapeake Bay Bridge Tunnel District to construct the Parallel Thimble Shoal Tunnel.
As a direct loan from the Transportation Infrastructure Finance and Innovation Act (TIFIA), it will replace the current $338.6 million TIFIA loan provided to the district in November 2016. The loan provides a portion of the financing for a 5,700-foot tunnel that connects two southbound trestles of the existing bridge.
