Does the TIFIA credit program require application and other program fees?
Yes, the USDOT currently requires four different fees from TIFIA participants. These are not considered as eligible project costs. • A non-refundable application fee, currently $50,000. For successful applicants, this fee will be credited toward final payment of a credit processing fee (also referred to as a transaction fee), to be assessed at financial close. • A transaction (credit processing) fee, typically between $200,000 and $300,000, for projects selected to receive assistance. The credit processing fee may be higher, depending on the complexity of the project’s financing structure and the extent of related loan documents, such as the intercreditor agreement, compliance agreements, equity funding agreements, etc. This fee is equal to a portion of the costs incurred by the USDOT in negotiating the credit agreement and reimburses the government for its out-of-pocket costs for its outside legal counsel and financial advisors needed to negotiate and close the credit agreement. The b
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