Transportation Infrastructure Finance and Innovation Act (TIFIA) Program

Program information

Popular name

TIFIA Credit Program

Assistance listing number

20.223

Agency

Department of Transportation

Sub-agency

Office of the Secretary

Categories & sub-categories

Regional Development - Transportation
Transportation - Highways, Public Roads, and Bridges
Transportation - Rail Transportation
Transportation - Urban Mass Transit

Assistance types

Direct Loans

Eligible applicants

Local (includes State-designated lndian Tribes, excludes institutions of higher education and hospitals
Other public institution/organization
Private nonprofit institution/organization (includes institutions of higher education and hospitals)
Profit organization
State (includes District of Columbia, public institutions of higher education and hospitals)

Eligible beneficiaries

Local
Other private institution/organization
Other public institution/organization
Profit organization
State

Program objective

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 DOT 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. The Build America Bureau issued a NOFO on December 8, 2020, to implement the Program.

Program obligations, by FY (2022 - 2024)

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 or USASpending.gov.

“SAM.gov actual” displays actual obligations for the fiscal year, as reported by the agency to SAM.gov after the fiscal year concludes.

“SAM.gov estimate” displays estimated obligations for the fiscal year, as reported by the agency to SAM.gov before the fiscal year concludes.

“USAspending.gov obligations” displays the total obligations submitted by the agency to USAspending, linked to the assistance listing through its assistance listing number. USAspending.gov is the official source of Federal spending information, displaying actual obligations made by agencies as they are committed. Annual obligations reported to SAM.gov may be inconsistent with annual obligations reported to USASpending.gov. More information can be found on the “About the data” page.

Please note that SAM.gov does not provide agencies with detailed guidance on how to report loan, loan guarentee, or insurance obligations. These figures may not be comparable arocess programs or consistent with USASpending.gov.

For more information on each of these data sources, please see the “About the data” page.

Authorizing statutes

Transportation Infrastructure Finance and Innovation Act of 1998. Pub. L. 105, 178.
TEA 21 Restoration Act.
Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU).
Moving Ahead for Progress in the 21st Century Act (MAP-21).
Fixing America's Surface Transportation (FAST) Act.

Program results

2023

To date, DOT’s Build America Bureau has closed more than $39 billion in TIFIA financings, supporting more than $133 billion in infrastructure investments across the country. In FY2023, the TIFIA Rural Projects Initiative (RPI) was established to offer loans for up to 49 percent of the project’s eligible costs and at fixed interest rates equal to one half of the Treasury rate.