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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

Roads

The Build America Bureau has worked with many State DOTs and other project sponsors to deliver new infrastructure and improve roads, highways, bridges, tunnels, and bike/ped infrastructure across the country. Whether you're thinking about technical assistance or financing instruments, if you've got a roadway project in mind, reach out to us today!

Eligible Project Sponsors:

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

Eligible Projects:

  • New or Resurfaced roads
  • Expanded capacity
  • Bike/Ped projects
  • HOT and Managed Lanes
  • Tolling
  • Bypasses
  • Bridge replacement
  • Other facilities eligible under Title 23 – 23 U.S.C. §601(a)(12)(A)

Credit Products for Road 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: Wednesday, February 21, 2024