USDOT Announces $17 Billion for TIFIA Loans

Posted on: August 2nd, 2012 by NADO Admin

On July 27, the U.S. Department of Transportation (DOT) announced the availability of up to $17 billion in Transportation Infrastructure Finance and Innovation Act (TIFIA) loans for critical infrastructure projects across the country.

These funds were made available through the recently passed surface transportation reauthorization bill, MAP-21 (P. L. 112-141), which provided $1.7 billion in capital over two years for the TIFIA credit assistance program. Each dollar of federal funds can provide roughly $10 in TIFIA credit assistance, bringing the total to $17 billion.

USDOT encourages states and cities across the country to begin submitting letters of interest for the TIFIA program which will provide direct loans, loan guarantees, and standby lines of credit to major infrastructure projects with the potential to create jobs and spur economic development and growth.  A variety of projects are eligible to receive funding under the TIFIA program including highway, rail, public transit, bridge, and tunnel projects.

For more information on this opportunity and the TIFIA program, click here (http://www NULL.dot NULL.gov/affairs/2012/dot8212 NULL.html). Click here (http://www NULL.dot NULL.gov/cfo/doc/tifia-nofa NULL.PDF) to view a copy of the notice of funding availability in the federal register and the letter of interest template can be found here: PDF Version (http://www NULL.dot NULL.gov/cfo/doc/app-c-1%20-loi-template NULL.pdf) or Microsoft Word Version (http://www NULL.dot NULL.gov/cfo/doc/app-c-1-loi-template NULL.doc).

 

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