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United States Department of Transportation United States Department of Transportation

Applying

Overview

TIFIA provides low-interest loans with flexible terms to help finance your project.

The process generally begins when you schedule an Initial Consultation with Bureau staff. From there, our team will work with project sponsors to complete the first official document in the process, the Letter of Interest (LOI). Once you submit the LOI, we begin evaluating the creditworthiness of your project in advance of inviting you to apply.

Below, you'll find publications, loan document templates, and the necessary application materials for prospective applicants and borrowers.

Guidance

Review and Approval Process

The TIFIA statute establishes a multi-step process for TIFIA credit assistance. Project sponsors considering TIFIA are encouraged to review this process as part of their decision-making.

Bureau Credit Programs Guide

The Build America Bureau Credit Programs Guide is a comprehensive document describing the purpose of the TIFIA and RRIF credit programs and how the USDOT administers them. We strongly encourage prospective borrowers to read this guide or contact the Bureau before submitting a Letter of Interest.

TIFIA Loan Agreements

The template TIFIA Loan Agreements have been updated to reflect current USDOT's credit policies. Links to the updated versions of both templates are provided below. The execution of a credit agreement and subsequent disbursement of funds to a project are subject to satisfactory completion of the USDOT's creditworthiness evaluation and the agreement of terms and conditions acceptable to the USDOT. The credit agreement is the definitive agreement between the USDOT and the borrower (and the guaranteed lender, if applicable) containing all terms and conditions pursuant to which the disbursement of TIFIA credit assistance is provided.

  • TIFIA Loan Agreement Sample Template for Public Entity Projects (DOC) (Last Updated: May 2018)
  • TIFIA Loan Agreement Sample Template for P3 Projects (DOC) (Last Updated: July 2014)

Letter of Interest and Application Forms

Last updated: Friday, April 3, 2020