The Metropolitan Transportation Planning ... - Saginaw County

The Metropolitan Transportation Planning Process: Key Issues
State Infrastructure Bank
States could allocate up to 10% of their
ISTEA/TEA-21 apportionment to
capitalize the state bank. Funds can be
used to provide loans for projects.This
can be structured as a revolving loan
fund, where loans are recycled for new
projects.
State infrastructure banks can provide
third-party guarantees to projects to
ensure that there is sufficient revenue
to pay project costs or debt service.
Surface Transportation Credit Program
TIFIA (Transportation Infrastructure
Finance and Innovation Act of 1998)
This provides direct federal loans, loan
guarantees, and lines of credit for large
surface transportation programs of
national significance.
A federal credit program under which
the USDOT may provide three forms of
credit assistance -- secured (direct)
loans, loan guarantees, and standby
lines of credit -- for surface
transportation projects of national or
regional significance.The fundamental
goal is to leverage federal funds by
attracting substantial private and nonfederal
co-investment in critical
improvements to the nation's surface
transportation system.