Transportation Infrastructure Finance and Innovation Act (TIFIA)

June 10, 2022

Federal Agency: Department of Transportation

Description: Provides credit assistance for qualified projects of regional and national significance. Many large-scale, surface transportation projects – highway, transit, railroad, intermodal freight, and port access – are eligible for assistance. Eligible applicants include state and local governments, transit agencies, railroad companies, special authorities, special districts, and private entities.

Recipients: State Governments, State Infrastructure Banks, Private Firms, Special Authorities, Local Governments, Transportation Improvement Districts

Eligible projects: Highways and Bridges, Intelligent Transportation Systems, Intermodal Connectors, Transit Vehicles and Facilities,Intercity Buses and Facilities. Freight Transfer Facilities, Pedestrian Bicycle Infrastructure Networks, Transit-Oriented Development, Rural Infrastructure Projects, Passenger Rail Vehicles and Facilities, Surface Transportation Elements of Port Projects

Eligibility Requirements:

  1. Creditworthiness:
    1. Ability to satisfy applicable creditworthiness standards
    2. Rate covenant, if applicable
    3. Adequate coverage requirements to ensure repayment
    4. Ability to obtain investment grade ratings on senior debt
  2. Foster partnerships that attract public and private investment for the project
  3. Ability to proceed at an earlier date or reduced lifecycle costs (including debt service costs)
  4. Reduces Contribution of Federal Grant Assistance for the Project
  5. Construction contracting process can commence no more than 90 days from execution of a TIFIA credit instrument

Timing: TBD

More information: View program overview, Credit assistance and benefits page