U.S. Department of Transportation Announces $13 Million Loan for Operations and Maintenance Facility in San Luis Obispo, California
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau has provided a $13.08 million loan to the San Luis Obispo Regional Transit Authority (RTA) in California. This is the first loan approved under the Department’s Transportation Infrastructure Finance and Innovation Act (TIFIA) Rural Project Initiative (RPI) initiated and launched by Secretary Chao.
Read more in the USDOT Newsroom.