New Hampshire Roadway Awarded $200 Million TIFIA Loan
Google MapsA project to widen a key freight corridor in New Hampshire has been awarded a $200 million loan from the Federal Highway Administration, Transportation Secretary Anthony Foxx announced May 25.
“The TIFIA loan will help New Hampshire embark on an ambitious project that will create more opportunity for communities along the corridor,” Foxx said. “As seen in our Beyond Traffic study released last year, this is a region with a rapidly growing population, experiencing greater traffic and increased gridlock. The I-93 widening will provide the area with an economic boost and increase access to businesses and jobs.”
The Transportation Infrastructure Finance and Innovation Act loan is meant to help the state widen nearly 20 miles of Interstate 93 from Salem to Manchester. The state’s Department of Transportation refers to the roadway as a principal corridor critical to the region’s economic growth.
The project is meant to alleviate traffic congestion for trucks and cars. It also would add park-and-ride lots and bus facilities as well as reconstruct and reconfigure interchanges.
“The state will be better connected and commuters and freight shippers will have more reliable travel times,” Federal Highway Administration chief Gregory Nadeau added.
The TIFIA loans are meant to facilitate the completion of big-scale projects that improve the flow of freight and relieve traffic.
