What steps are involved in implementing a TIFIA credit?
• Letter of Interest. Each potential applicant must submit a detailed Letter of Interest describing the project, detailing how the statutory selection criteria are met, and outlining the proposed financial plan and requested credit assistance. • Application. Applications may be submitted only after the TIFIA JPO confirms the project’s basic eligibility and readiness. • Project Presentation. Applicants whose submission passes an initial screening are invited to make an oral presentation to the USDOT on behalf of the project. • Project Evaluation. Based upon the written application, the oral presentation, and any supplemental information submitted, TIFIA JPO staff prepare a project evaluation and recommendation for the USDOT Credit Council. • Project Selection. The USDOT Credit Council, in turn, provides a recommendation to the Secretary of Transportation, who makes the final determination regarding project selection. The USDOT will not obligate funds for a project that does not satisfy
