Fund Managers

Knik Arm PPP wants more TIFIA cash(3)

The Knik Arm Bridge Authority has asked USDOT for increased TIFIA funding to the tune of $500m. The authority is in charge of a $1.02bn bridge project that would give Alaska its first PPP.

-

The Knik Arm Crossing project in Anchorage, Alaska, has applied for federal government assistance, filing a letter of interest (LOI) with the US Department of Transportation (USDOT) for greater TIFIA funding.

The Knik Arm Bridge and Toll Authority (KABATA), the board overseeing the $1.02 billion public-private partnership (PPP), posted the LOI for TIFIA (Transportation Infrastructure Finance and Innovation Act) credit assistance on its website.