Is the TIFIA Finance Plan different from the Major Projects Finance Plan?
No, the TIFIA Finance Plan can be used to satisfy the Major Project requirements. However, TIFIA requires the preparation of a Finance Plan earlier than Major Project requirements do. Also, Finance Plans for TIFIA loans have additional requirements. Consult the TIFIA Project Oversight and Credit Monitoring Guidance located at http://tifia.fhwa.dot.gov/ for more information. • Who prepares the TIFIA Finance Plan when the only financial recipient is a private entity and not a State DOT? According to TIFIA requirements, the private entity will prepare the Finance Plan. As stated above, this Finance Plan can be used to satisfy the Major Project requirements. • What plans are required for projects other than Major Projects? The SAFETEA-LU requires the recipients of Federal financial assistance for projects with a total cost of $100 million to $500 million that are not designated as Major Projects to prepare a Finance Plan. Project Management Plans are not required for these projects. • How
Related Questions
- There are three levels of plan review. For examples of how different projects are categorized, please read, "Will my project be categorized as over-the-counter approval, administrative review, or design review?
- Can the City disclose bidder’s lists/lists of plan holders for municipal projects to contractors, construction companies, agencies or other persons on request?
- Is the TIFIA Finance Plan different from the Major Projects Finance Plan?
