Description:
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Report on the pilot program to apply for and receive financial assistance for a project in Nicollet County to expand a trunk highway from two lanes to four lanes, under the Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA), United States Code, title 23, chapter 6, or through other federal transportation loan, grant, or credit assistance program.
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Committee/Agency Jurisdiction:
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Transportation Finance Transportation Policy
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Note:
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Due upon completion of the transportation project under the pilot program.
At a minimum, the report must: describe the transportation project undertaken and each financing mechanism utilized; analyze the effectiveness of each financing mechanism; evaluate the costs, risks, and benefits of additional participation in federal financial assistance programs; and provide any recommendations for related legislative changes.
This project using Transportation Infrastructure Finance and Innovation Act (TIFIA) funds is tentatively scheduled for completion in 2023.
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