Are there specific cost threshold requirements for projects receiving TIFIA credit instruments?
Yes, projects must have eligible costs reasonably anticipated to total at least $50 million to be considered for TIFIA credit instruments, or alternatively, eligible project costs must equal 33⅓ percent or more of the state’s Federal-aid highway apportionments for the most recently completed fiscal year, whichever is less. The USDOT revisits apportionments to states annually, to determine if any states qualify under the alternative test. For projects that principally involve the installation of an intelligent transportation system (ITS), eligible project costs must be reasonably anticipated to total at least $15 million. This $15 million threshold applies only to projects for which the ITS component is the central. In all cases, the principal amount of the requested credit assistance must not exceed 33 percent of eligible project costs. Applicants should calculate and represent all costs, including both eligible project costs and the credit assistance request, on a cash (year-of-expend
Related Questions
- Are there additional threshold requirements other than project cost that projects must meet before being considered for TIFIA credit assistance?
- Can the amount of claims reimbursed by a stop-loss insurer be submitted for credit towards the $15,000 cost threshold or reimbursement?
- What types of entities are eligible to apply for TIFIA credit instruments?
