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Credit Oversight and Risk Management

Overview

DOT administers several credit programs that provide direct loans, loan guarantees, or lines of credit to support the construction of transportation projects and infrastructure. These credit programs maximize limited Federal resources by leveraging non-Federal co-investment and enabling eventual repayment of the taxpayer. The Office of Credit Oversight and Risk Management provides oversight for these transportation investment credit programs as well as supports the CFO in their role as vice-chair of the DOT Council on Credit and Finance (CCF).

The Build America Bureau (Bureau) administers the two largest credit programs within DOT, the Transportation Infrastructure Finance and Innovation Act (TIFIA) program and the Railroad Rehabilitation and Improvement Financing (RRIF) program.  The Bureau also administers the allocation of Private Activity Bonds (PABs).  The Maritime Administration (MARAD) administers the Federal Ship Financing (Title XI) Program. Below you will find links to more information about the DOT credit programs, the Bureau, PABs, and the CCF.

 

MARAD logo
TITLE XI

The Maritime Guaranteed Loan (Title XI) Program provides for a full faith and credit guarantee by the United States Government to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards.
Build America

Build America

The Build America Transportation Investment Center serves as a one-stop shop for state and local governments, public and private developers, and investors seeking to utilize innovative financing strategies for transportation infrastructure projects.

 

 

Last updated: Thursday, February 20, 2025