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The Build America Bureau

The Build America Bureau. Financial and Technical Assistance from the U.S. Department of Transportation. We drive transportation projects. Established in July 2016 via FAST Act Brings together the TIFIA and RRIF loan programs Allocates PABs

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The Build America Bureau

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  1. The Build America Bureau Financial and Technical Assistance from theU.S. Department of Transportation

  2. We drive transportation projects. • Established in July 2016 via FAST Act • Brings together the TIFIA and RRIF loan programs • Allocates PABs • Provides technical assistance and other services

  3. We can do a lot in your corner. • Long-term, low-interest loans • TIFIA • RRIF • Private Activity Bonds • Project Development • Navigate environmental review and permitting processes • Explore financing options • Alternative project delivery (e.g. P3s) • Assist with federalization

  4. We offer flexible loan programs Low Rates! Interest rate on 6/3/2019:2.56% RRIF, TIFIA offer long term, up-front financing • 35-year max repayment period • Deferred repayment up to 5 years upon “substantial completion” • No prepayment penalty • Customizable amortization

  5. TIFIA packs a punch... Transportation Infrastructure Finance & Innovation Act • Long-term repayment period • Up to 35 years • Can be deferred for 5 years following substantial completion • Can finance up to 33% of eligible project costs • No pre-payment penalty • Highly customized to meet borrower needs Low Interest Rate Interest rate on 6/3/2019was 2.56% for a 35-year loan

  6. Roadways and bridges Transit vehicles & facilities Airports (landside only) Port projects Bike-Ped infrastructure Intelligent transportation systems Transit-oriented development (TOD) Intermodal connectors Passenger rail and bus vehicles & facilities State, tribal, county, municipal gov’t State Infrastructure Banks Private firms Special authorities Transportation improvement districts …and features wide eligibility. Eligible Projects Eligible Borrowers

  7. RRIF packs a punch of its own… Railroad Rehabilitation & Improvement Financing • Long-term, fixed interest, permanent, up-front financing • Can finance up to 100% of eligible project cost • Funds are drawn as needed • Flexible amortization schedule • No pre-payment penalty Low Interest Rate Interest rate on 6/3/2019was 2.56% for a 35-year loan

  8. Design/planning Freight Rail Facilities Freight Transfer Facilities FRA-Regulated Commuter Rail Facilities Passenger Rail Vehicles and Equipment Transit-Oriented Development “Intermodal” or Rail Equipment or Facilities Refinance of above Railroads State and Local Govs Government sponsored authorities and corporations Interstate compacts (410(a)) Amtrak Reform and Acc. Act of 1997 Limited option freight shippers Joint Ventures …and has its own wide eligibility. Note: RRIF does not finance OPERATIONS! Eligible Projects Eligible Borrowers

  9. Yes, we even have special offers! Rural Project Initiative (RPI) RRIF eXpress (RRIF-X) ½ the U.S. Treasury rate!1.28% as of 6/3/2019 • TIFIA can finance up to 49% of eligible project costs • Fixed rate of ½ Treasury rate (1.28% on 6/3/19) • DOT can cover borrower fees • Available exclusively to Class IIandClass III railroads • Credit Risk Premium assistance up to 5% of loan amount • DOT can provide cost assistance up to $100,000

  10. We do more than build roads! Learn about some surprising project eligibilities. • Airports • Seaports • Bike-Ped • Intermodal facilities • Transit-Oriented Development (TOD) • Intelligent Transportation System (ITS) infrastructure

  11. We allocate Private Activity Bonds. Authorized to allocate $15 billion in PABs. • State or local government issues tax-exempt bonds on behalf of a private entity. • Private entity/developer responsible for all debt service. • Can be used in alone or in combination with other Federal financing tools. • $4 billion (approx.) in allocation authority remaining to DOT

  12. Project development? We do that, too. Your project gets a single Bureau point-of-contact. • Navigate NEPA, permitting, and other review • Explore financing options • Alternative Project Delivery approaches • Public-Private Partnerships • Assist with federalization • Davis-Bacon Act of 1931 (prevailing wages) • Buy America requirements

  13. Here’s what to expect.

  14. Contact Us: • 202.366.2300 • BuildAmerica@dot.gov • nefretiti.harrison@dot.gov www.transportation.gov/buildamerica

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