Build America Bureau’s Morteza Farajian briefs Connecticut leaders on Federal financing potential

NEWINGTON, CT — Democratic and Republican legislative leaders were upbeat Friday after a briefing by U.S. transportation officials about the potential of below-market federal financing for a significant portion of CT 2030, a 10-year transportation infrastructure plan being finalized by the administration of Gov. Ned Lamont.

The Build America Bureau is one-stop shopping at the U.S. Department of Transportation for financing, and a team led by its executive director, Morteza Farajian, briefed leaders on what they say is a flexible menu of low-cost credit — less than 2 percent for highway loans that come with a repayment period of 35 years.

CLICK HERE to read the article.