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TIFIA Credit Program
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To finance projects of national or regional significance by filling market gaps and leveraging substantial non-Federal and private co-investment. Transportation Infrastructure Finance and Innovation Act (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 USDOT provides Federal credit assistance to eligible highway, transit, rail, and intermodal freight projects, including access to seaports. The Fixing America’s Surface Transportation Act (FAST), enacted in December 2015, authorized the establishment of a Regional Infrastructure Accelerator Demonstration Program (the Program) to assist entities in developing improved infrastructure priorities and financing strategies for the accelerated development of a project that is eligible for funding under the TIFIA Program. Additional information regarding the Program is available here: https://www.transportation.gov/buildamerica/technical-assistance/regional-infrastructure-accelerators-program
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
As of June 26, 2017, the Department has closed seven TIFIA loans totaling 1.9 billion in transportation infrastructure investments and is in position to close additional loans by the end of the fiscal year. The seven loans that have closed are Chesapeake Bay Bridge and Tunnel, IH-35 E, West Side Purple Line Section II, Sound Transit’s Northgate project, Monroe Expressway project, C-470 Express Lanes, and the BelRed Street Network project.
During the FY2022 through July 2022, the USDOT approved 11 TIFIA loans totaling over $3.8 billion, including $1.7 billion for the Purple Line Transit Project, over $1 billion to Capital Beltway Expressway LLC to refinance their existing loan and extend additional credit, $200 million for a bridge replacement project in Maryland, over $38 million for 8 rural projects in Oklahoma, and over $113 million to Louisiana Department of Transportation and Development (LADOTD)for two rural projects in the state of Louisiana.
To date, DOT’s Build America Bureau has closed more than $38 billion in TIFIA financings, supporting more than $138 billion in infrastructure investments across the country.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
