The U.S. Department of Transportation has invited Chicago to submit its formal application for a $100 million TIFIA loan to help finance completion of the Chicago Riverwalk, Mayor Rahm Emanuel and DOT Secretary Ray LaHood announced last week.

The project calls for a continuous walkway that connects Lake Michigan and the branches of the Chicago River. The city is seeking a loan under the Transportation Infrastructure Finance Innovation Act to finance most of the cost connecting the main branch to the lake.

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