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USDOT Announces up to $19.92M in TIFIA Loan Credit Assistance for the Vine Bus Maintenance Facility Project
NAPA, CA — U.S. Transportation Secretary Pete Buttigieg announces that the U.S. Department of Transportation (DOT) has provided a direct Transportation Infrastructure Finance and Innovation Act (TIFIA) 35-year loan of up to $19.92 million under its Rural Projects Initiative (RPI) to Napa Valley Transportation Authority (NVTA) for the Vine Bus Maintenance Facility Project.
NVTA plans to construct a 31,504–square-foot transit maintenance facility with a 40-year useful life to replace its currently leased transit yard in the city of Napa, California, providing NVTA a facility that meets its needs, including charging infrastructure for NVTA's new electric bus fleet.
“The new bus facility will help modernize Napa Valley transit buses as they transition to electric,” Buttigieg said. “This project will invest in the community's infrastructure, create jobs, improve safety, and combat climate change.”
The project will provide a variety of benefits including addressing growing transit needs to reduce emissions from single occupancy vehicles, improving operational efficiencies and safety of fleet management, and providing photovoltaic system to support electric vehicles zero-emission targets. The project will also create 624 direct and indirect jobs and spur growth/development in the area.
“The Bureau is pleased to work with the Napa Valley Transportation Authority to bring this project to fruition through low-interest, long-term financing,” said Build America Bureau Executive Director Morteza Farajian.
California Builder & Engineer ProjectsNVTA plans to construct a 31,504–square-foot transit maintenance facility with a 40-year useful life to replace its currently leased transit yard in the city of Napa, California, providing NVTA a facility that meets its needs, including charging infrastructure for NVTA's new electric bus fleet.
“The new bus facility will help modernize Napa Valley transit buses as they transition to electric,” Buttigieg said. “This project will invest in the community's infrastructure, create jobs, improve safety, and combat climate change.”
The project will provide a variety of benefits including addressing growing transit needs to reduce emissions from single occupancy vehicles, improving operational efficiencies and safety of fleet management, and providing photovoltaic system to support electric vehicles zero-emission targets. The project will also create 624 direct and indirect jobs and spur growth/development in the area.
“The Bureau is pleased to work with the Napa Valley Transportation Authority to bring this project to fruition through low-interest, long-term financing,” said Build America Bureau Executive Director Morteza Farajian.
