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United States Department of Transportation United States Department of Transportation

Airports

The Build America Bureau has worked with airport authorities and other project sponsors to deliver new infrastructure and improve landside airport infrastructure across the country. Whether you're thinking about technical assistance or financing instruments, if you've got an airport project in mind, reach out to us today!

NOTE: Currently, the Bureau's lending authority to airports is dependent, by law, on the airport's access to a "fixed guideway transit facility, passenger rail station, intercity bus station, or intermodal facility."

Eligible Project Sponsors:

  • State DOTs
  • State Infrastructure Banks
  • Private Firms
  • Airport Authorities
  • County and Local Governments
  • Transportation Improvement Districts

Eligible Projects:

  • New or redesigned terminals
  • Consolidated Rental Car facilities
  • Transit, rail, and inter-city bus connections
  • People movers
  • Access roads
  • Baggage systems

Credit Products for Airport Projects

TIFIA:

  • Can finance up to 33% of eligible project costs
  • Requires dedicated revenue stream
  • Flexible amortization, up to 35 years
  • Repayment can be deferred for 5 years
  • No pre-payment penalty

Rural Project Initiative:

  • Can finance up to 49% of eligible  project costs
  • 1/2 the normal Treasury rate
  • Waiver of fees

 

Last updated: Friday, April 3, 2020