The project to expand of C-470 via the addition of toll lanes between Interstate 25 and Wadsworth Boulevard, along Denver’s southern flank, has landed a $109 million loan from the federal government.

Republican U.S. Sen. Cory Gardner on Monday announced the loan had been awarded by the U.S. Department of Transportation’s “Transportation Infrastructure Finance and Innovation Act” (TIFIA) program.

“This is great news for Colorado,” Gardner said in a statement. “Whether it’s the mother driving her kids to school, or the small business moving its products across the state, all Coloradans depend on a strong infrastructure. Our region is in significant need of repairs and new investments to our roads and this funding is exactly why I fought back at attempts to cut the TIFIA program two years ago."

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