Transportation Infrastructure Finance and Innovation Act (TIFIA) Program

To finance projects of national or regional significance by filling market gaps and leveraging substantial non-Federal and private co-investment.

TIFIA credit assistance is intended to facilitate the financing of projects that would otherwise have been significantly delayed because of funding
limitations or difficulties accessing the capital markets.

Through TIFIA, the DOT provides Federal credit assistance to eligible highway, transit, rail, and intermodal freight projects, including access to seaports.
Examples of Funded Projects

Fiscal Year 2017: No Current Data Available Fiscal Year 2018: No Current Data Available Fiscal Year 2019: No Current Data Available


Agency - Department of Transportation

The Department of Transportation's mission is to ensure fast, safe, efficient, accessible and convenient transportation that meets vital national interests and enhances the quality of life of the American people, today and into the future.




Program Accomplishments

Fiscal Year 2017: No Current Data Available Fiscal Year 2018: No Current Data Available Fiscal Year 2019: No Current Data Available

Uses and Use Restrictions

Eligible projects include highway, transit, passenger rail, intercity bus vehicles and facilities, certain port facilities, surface transportation facilities at airports, rural infrastructure projects, transit oriented development projects (TOD), and any other type of project that is eligible for grant assistance under title 23 or Chapter 53 of Title 49 of the United States Code.

Additionally, under the recently enacted Fixing America?s Surface Transportation (FAST) Act, TIFIA credit assistance may be used to capitalize State Infrastructure Banks (SIBs) to fund rural infrastructure projects.

Eligibility Requirements

Applicant Eligibility

Public or private entities seeking to finance, design, construct, own, or operate an eligible surface transportation project may apply for TIFIA assistance.

Examples of such entities include state departments of transportation; local governments; transit agencies; special authorities; special districts; railroad companies; and private firms or consortia that may include companies specializing in engineering, construction, materials, and/or the operation of transportation facilities.

Beneficiary Eligibility

Public or private entities seeking to finance, design, construct, own, or operate an eligible surface transportation project. Examples include state departments of transportation; local governments; transit agencies; special authorities; special districts; railroad companies; and private firms or consortia that may include companies specializing in engineering, construction, materials, and/or the operation of transportation facilities.

Credentials/Documentation

All applicants must demonstrate relevant experience, strong qualifications, a sound project approach, and a project that can demonstrate financial feasibility. Applicants also must meet various Federal standards for participation in a Federal credit program. For example, applicant may not be delinquent or in default on any Federal debts. Such requirements will be specified in the contractual documents between the DOT and each applicant. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

For more information, please visit the TIFIA website at http://www.transportation.gov/tifia.

An environmental impact statement is required for this program.

An environmental impact assessment is required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Upon receiving the DOTs notification that the project meets the basic eligibility criteria, the applicant may submit an application. An application fee must be submitted with the proposal. The application form is available on the TIFIA web site at http://www.transportation.gov/tifia.

Award Procedures

Final approval is granted by the Secretary of Transportation.

Deadlines

Not Applicable.

Authorization

Fixing America?s Surface Transportation (FAST) Act , Public Law 112-141, 23 U.S.C 601-609.

Range of Approval/Disapproval Time

After a complete application has been filed with all supporting documents, processing time is approximately 90 days. The average time to execute a TIFIA agreement from the date of Secretarial approval is 1 to 6 months.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory formulas are not applicable to this program. Matching requirements are not applicable to this program. MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

The maximum maturity of all TIFIA credit instruments is 35 years after a project's substantial completion. See the following for information on how assistance is awarded/released: Lump sum award but actual disbursements fluctuates based on expenditures of the project.

Post Assistance Requirements

Reports

Not Applicable.

Audits

In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. See Index of Current Regulations, Federal Highway Administration.

Records

Documentary evidence that may be requested for each project includes: audited financial statements, updated budget and cash flow projections, audit reports, sources and uses of funds, coverage ratios, project schedules, operating statistics, and management updates (within no more than 180 days following the recipient's fiscal year-end). In addition, the credit agreement obligates the borrower to provide the DOT an annual update to the project's financial plan in accordance with specified requirements. Each borrower will be required to give notice to the DOT of material events, including litigation, which could affect project development or the credit quality of the project.

Financial Information

Account Identification

69-4123-0-3-401; 69-4173-0-3-401; 69-4145-0-3-401.

Obigations

(Salaries) FY 17 Not Available; FY 18 est $3,736,000,000; and FY 19 Estimate Not Available - Part of this funding is used for salaries and expenses, but these obligation totals are not just for salaries.

Range and Average of Financial Assistance

No Data Available.

Regulations, Guidelines, and Literature

See TIFIA website at http://www.transportation.gov/tifia/legislation-regulations.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Duane Callender 1200 New Jersey Ave S.E., Room E, Washington, District of Columbia 20590 Phone: (202) 366-1059

Criteria for Selecting Proposals

DOT reviews the Letters of Interest on a ?first come, first serve? basis. Under MAP-21, DOT has been given the direction to focus on creditworthiness. Projects are also review to ensure they meet the eligibility requirements under related statutes.



Social Entrepreneurship
Spotlight



Global Companies Appeal for Needed Market Changes in Renewable Energy

Global Companies Appeal for Needed Market Changes in Renewable Energy
Global companies like General Motors, Wal-Mart, Bloomberg, Facebook, Hewlett-Packard, Intel, Johnson & Johnson, Mars, Novelis,...



Nonprofit Jobs in Louisiana

  Fundraising & Development Jobs
  Social Services Employment
  Social Services Jobs
  Social Work Jobs
  Fundraising & Development Jobs





More Federal Domestic Assistance Programs


Employment Service/Wagner-Peyser Funded Activities | Capital Assistance to States - Intercity Passenger Rail Service | Forest Health Protection | Safety and Environmental Enforcement Research and Data Collection for Offshore Energy and Mineral Activities | Pest Management and Vector Control Research |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2019 Copyright Michael Saunders