U.S. Transportation has announced that US Department of Transportation´s (USDOT) Build America Bureau (the Bureau) will provide up to a US$ 120.1 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Oklahoma Turnpike Authority (OTA) to help finance the Gilcrease Expressway West P3 Project in Oklahoma. 

The Project, a five-mile four-lane divided tollway that includes 22 bridges (two of which span the Arkansas River), four major interchanges, and a 10-foot-wide multi-use trail, is the first Project in the State of Oklahoma to ever use TIFIA credit assistance.  The project is intended to relieve congestion during peak travel periods and provide a new and more direct route to city attractions and various points of interest in the Tulsa urban core by improving connectivity between neighborhoods on opposite sides of the Arkansas River.

The primary source of repayment of the TIFIA loan is gross toll revenue and supplemental funds from the Oklahoma Department of Transportation through an Assistance Agreement. 

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