Transportation Infrastructure Finance and Innovation Act (TIFIA)

The TIFIA of 1998 is a Federal program through which USDOT provides credit assistance in the form of direct loans, loan guarantees, and credit assistance to major surface transportation projects with dedicated revenue streams. TIFIA has provided credit assistance to state departments of transportation, transit operators, special authorities, local governments, and private entities undertaking highway, transit, rail and intermodal improvements. The program is designed to fill market gaps and leverage limited Federal resources and substantial co-investment by providing projects with supplemental or subordinate debt rather than grants. The following list identifies the states and individual projects that have received TIFIA credit enhancements. As of March 2009, the TIFIA program has provided $5.8 billion in credit assistance leveraging projects with a construction value of $21.8 billion.

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TIFIA Projects

California: South Bay Expressway
District of Columbia: Washington Metro CIP
Florida: I-595 and Miami Intermodal Center
Maryland: Intercounty Connector
Nevada: Reno Rail Corridor
New York: Staten Island Ferries
North Carolina: Triangle Expressway
Puerto Rico: Tren Urbano
Rhode Island: Warwick Intermodal Station
South Carolina: Cooper River Bridge
Texas: Central Texas Turnpike, IH 635 Managed Lanes, SH 130 Corridor, and US 183-A Turnpike
Virginia: Capital Beltway HOT Lanes and Pocahontas Pkway

Received TIFIA Assistance

California
District of Columbia
Florida
Louisiana
Maryland
Nevada
New York
North Carolina
Puerto Rico
Rhode Island
South Carolina
Texas
Virginia