Against all odds, the TIFIA program will have obligated or committed 75% of its $750 million in budget authority for fy 2014 by the April 1 deadline set in MAP-21, according to Duane Callender, director of the TIFIA Joint Programs Office at FHWA. Skeptics in Congress doubted whether the small group of bankers inside FHWA could expand quickly enough to spend the seven-fold increase in loan authorization obtained by Sen. Barbara Boxer (D-Calif.) less than two years ago. Having done that, the issue now is right-sizing the loan program for the long term in the MAP -21 reauthorization.
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