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Illiana Expressway eligible for federal loan


The Illiana Expressway is eligible for a federal loan to allow the states to wrest a better deal from private investors and reduce the overall financing cost of the $1.5 billion project.

Indiana and Illinois are able to apply for a Transportation Infrastructure Finance and Innovation Act loan program that can lend money at a low fixed rate for up to one-third of the cost of the project….Please click here to read Keith Benman’s story in the Times.

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