DOT plans up to $2.52 billion loan for Alabama I-10 project

New $2.52B federal loan brings Mobile River Bridge closer to construction

WASHINGTON — A newly secured $2.52 billion federal loan will help kick-start construction of the Mobile River Bridge, closing out the final chapter in a years-long effort to finance the massive infrastructure project.

Alabama has cleared a $2.52 billion federal loan for its largest infrastructure project ever; the new Mobile River bridge aims to end a decades-old bottleneck and reroute hazmat trucks

A major federal loan has been successfully obtained to facilitate the development of Alabama's most extensive infrastructure scheme. This initiative is designed to tackle persistent traffic challenges on Interstate 10 and enhance the safety of hazardous material transport. A new high-clearance cable-stayed bridge will be constructed to boost vehicle capacity and accommodate larger ships passing through. Commuters will benefit from manageable tol…

DOT plans up to $2.52 billion loan for Alabama I-10 project

The Department of Transportation plans to loan up to $2.52 billion for Alabama’s Mobile River Bridge and Bayway Project to transform the Interstate 10 freight corridor.

USDOT grants Alabama $2.5B loan for Mobile River Bridge and Bayway Project

Officials said the financing clears a final hurdle for the long-delayed I-10 overhaul, with construction expected before 2026 ends.

Alabama has cleared a $2.52 billion federal loan for its largest infrastructure project ever; the new Mobile River bridge aims to end a decades-old bottleneck and reroute hazmat trucks - THE LOCAL REPORT ARTICLES

A $2.52 billion federal loan has been approved to build the Interstate 10 Mobile River Bridge and Bayway project, clearing the way for the largest infrastructure project in Alabama’s history. US Transportation Secretary Sean P. Duffy announced the approval of the low-interest loan, which provides key funding for the $4.15 billion project aimed at fixing ...