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United States Department of Transportation United States Department of Transportation

Transit

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

Eligible Project Sponsors:

  • State Government
  • State Infrastructure Banks
  • Private Firms
  • Special Authorities
  • Local Governments
  • Transportation Improvement Districts

Eligible Projects:

  • Intelligent Transportation Systems
  • Intermodal Connectors
  • Transit Vehicles & Facilities
  • Intercity Buses & Facilities
  • Transit-Oriented Development
  • Passenger Rail Vehicles & Facilities

Credit Products for Transit 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

RRIF:

  • Can finance up to 80% of eligible rail transit project costs
  • Requires borrower to pay Credit Risk Premium
  • Requires dedicated revenue stream
  • Flexible amortization, up to 35 years
  • Repayment can be deferred for 5 years
  • No pre-payment penalty

 

    Last updated: Friday, April 3, 2020