TIFIA loan granted to US 301 project in Delaware

The Transportation Infrastructure Finance and Innovation Act (TIFIA) loan was recently granted to the state of Delaware for its new US 301 project for a mainline toll.

With the project including a four-lane corridor that will extend 13 miles, the goal of the project is to reduce congestion in the region. It will reach from the current US 301, which is located at the border of Maryland, to Delaware’s SR 1 south.

The new roadway will also give drivers an alternative way to travel from northern Virginia and Washington, D.C., to I-95, I-495 and I-295. The project will benefit local communities based in Queen Anne’s, Kent and Cecil Counties (in Maryland) and New Castle County (in Delaware).

“The US 301 improvements will relieve congestion and support the economy of the entire northeast corridor,” U.S. Transportation Secretary Anthony Foxx said.

The project will cost approximately $643 million, and the grant, which is from the Federal Highway Administration, will be used to pay for the construction of the project.

“The project will benefit commerce in several states in the region,” Gregory Nadeau, Federal Highway administrator, said. “It’s an alternative to an already congested freight corridor and provides options to individual travelers and truck drivers.”