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The Bureau serves as the single point of contact and coordination for states, municipalities, and other project sponsors seeking federal transportation expertise. Our team works with you to leverage available DOT credit and funding programs, explore innovative project delivery approaches like public-private partnerships (P3s), and navigate project development processes like permitting.
We offer project-specific guidance to get your project off the drawing board and into action.
Our financing products can reduce project costs, increase flexibility, and deliver the transportation infrastructure you need faster. Eligible project borrowers include state and local governments, transit agencies, railroad companies, special authorities, special districts, joint ventures, public-private partnerships, and private entities.
If you have a project --or even the idea of a project-- reach out to us today. There's nothing to lose, and we might just build something great together.
Several legislative acts have established or amended statutory Value for Money (VfM) requirements for projects seeking Bureau credit assistance. Applicability of these requirements depends on project size, phase of the project lifecycle, and other attributes. In particular, Fixing America’s Surface Transportation Act (FAST Act), Pub. L. 114-94, [49 U.S.C. § 116(e)(3)(A)], requires project sponsors seeking TIFIA loans to conduct VfM or comparable analysis before deciding to advance projects as P3s.
The Build America Bureau worked with the Minnesota Department of Transportation on a loan to upgrade Highway 14 in Nicollet County. Read the USDOT release. Congrats to the drivers, pedestrian, bicyclists and residents along the corridor on this significant safety enhancement expected to be complete next year.
U.S. Transportation Secretary Pete Buttigieg recently announced that the Build America Bureau will offer low-cost and flexible financing for transit and Transit-oriented Development (TOD) projects at the maximum level authorized under law - 49 percent. This new initiative, “TIFIA 49,” authorizes borrowing for up to almost half of eligible project costs for projects.
