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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

Ports

The Build America Bureau has worked with many port authorities, rail operators, and other project sponsors to deliver new infrastructure and improve port-related facilities across the country. Whether you're thinking about technical assistance or financing instruments, if you have a port project in mind, reach out to us today!

And, if your port project involves a Class II or III Short Line or Regional Railroad, you will want to learn more about our RRIF Express program, featuring an expedited path forward and waiver of the Credit Risk Premium and fees associated with the application process.

 

Eligible Project Sponsors:

  • Ports and Port Authorities
  • Private railroads and other firms
  • State Infrastructure Banks
  • State, county, and local DOTs
  • Economic Development Agencies
  • Transportation Improvement Districts

Eligible Projects:

  • New construction
  • Rail upgrades and rolling stock
  • Intermodal transfer facilities
  • Roadways and bridges

Credit Products for Port 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 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: Thursday, May 26, 2022