What types of financing mechanisms are available for PPIs?
PPI projects are financed through a variety of revenue sources, which may include any combination of the following: • Grant anticipation bonds (GARVEEs and GANs); • General obligation bonds; • Flexible Matching (including toll credits); • Section 129 Loans; • Transportation Infrastructure Finance and Innovation Act (TIFIA) Credit; • Direct user charges (tolls and transit fares) leveraged to obtain bonds; • Equity partnerships and revenue sharing; and, • Concessions or long term leases.