Transportation Infrastructure Finance and Innovation Act (TIFIA)

TIFIA is a Federal Credit Assistance (TIFIA Direct Loan) that will complete the 30/10 Initiative financing package.

Legislation will need to be secured to modify the TIFIA program structure to enable the U.S. Department of Transportation (USDOT) to make an upfront credit commitment for a mega program of related projects, like 30/10, that satisfies national infrastructure investment goals. The program must demonstrate that a majority of the non-federal funding is committed and sufficient to repay the federal credit assistance. In addition, Congress would need to appropriate additional subsidy funding for the TIFIA credit program. The 30/10 Initiative will likely require about $200 million to fund the subsidy cost (capital reserve) of the $2.3 billion federal loan.