DOT announces $17 billion expansion of transportation loan program

LaHood said the expansion of the TIFIA loan program would help address "a pent-up demand for infrastructure projects."

"We're going to be looking for projects that are of national significance where folks are working together," he said. "I think we have done a pretty good job with TIFIA. Now we have more resources."

The new transportation bill, which took effect shortly after it was signed by President Obama, provides $750 million for the TIFIA program in 2013 and $1 billion in 2014.

LaHood said Friday that the expansion was the "largest infrastructure loan program in history."

More in Transportation

Feds tout transport loans as highway bill deadline looms

Read more »