TIFIA
TIFIA Extra
USDOT made $5.575 billion in funding available from the Infrastructure Investment and Jobs Act for projects of regional or national significance through the Multimodal Project Discretionary Grant program. The three major discretionary grant programs involve surface transportation projects...
TIFIA Lite
Historically, TIFIA has been a useful tool for large, complex transportation infrastructure projects that needed low-cost financing. TIFIA is a flexible tool that allows borrowers to customize their loan terms and amortization. However, this flexibility can prolong the application process...
- Project Type: Roads and Bridges
- State: NC
- Sponsor: North Carolina Turnpike Authority (NCTA)
- LOI Received:
- Eligibility Review: Review Complete
- Credit Review: Review Complete
- Application Review: Review Complete
- Credit Agreement Executed:
- Project Cost: $1052.00M
- TIFIA Assistance: $502.00M
- RRIF Assistance:
- Primary Revenue Pledge: Toll Revenues
- FY Closed: FY2020
- Project Type: Roads and Bridges
- State: VA
- Sponsor: Hampton Roads Transportation Accountability Commission (HRTAC)
- LOI Received:
- Eligibility Review: Review Complete
- Credit Review: Review Complete
- Application Review: Review Complete
- Credit Agreement Executed:
- Project Cost: $1057.00M
- TIFIA Assistance: $500.79M
- RRIF Assistance:
- Primary Revenue Pledge: Motor Fuel Tax Revenues
- FY Closed: FY2020
Sponsor Payment Letter Template
The Build America Bureau has developed a sponsor payment letter template. Please click on the link to the Microsoft Word document immediately above this text to save to your computer. This form is being provided for information only. Project sponsors will...
Sponsor Payment Arrangements
The Build America Bureau (Bureau) has begun using sponsor payment arrangements for its legal advisors' fees. The fees for outside legal counsel engaged to represent the Bureau on a Railroad Rehabilitation and Improvement Financing (RRIF) or Transportation Infrastructure Finance and...
Review and Approval Process
The TIFIA statute establishes a multi-step process for TIFIA credit assistance beginning with the submission of a letter of interest (LOI).
The initial LOI eligibility review is intended to identify major statutory, regulatory, financing or timing issues that would prevent the...