U.S. Department of Transportation Announces $8.45 Million Loan for Operations and Maintenance Facility Project in King City, California
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation's Build America Bureau (the Bureau) has provided a $8.45 million loan to the Monterey-Salinas Transit District (MST) in Monterey County, California. This is the second loan under the Transportation Infrastructure Finance and Innovation Act (TIFIA) Rural Project Initiative (RPI) initiated and launched by Secretary Chao.
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