1. The Build America Bureau
Financial and Technical Assistance from the U.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. Interest rate on 6/3/2019 was 2.56% for a 35-year loan
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 6/3/2019 was 2.56% for a 35-year loan

6. …and features wide eligibility.
Eligible Projects
Eligible Borrowers
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

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 6/3/2019 was 2.56% for a 35-year loan

8. …and has its own wide eligibility.
Eligible Projects
Note: RRIF does not finance OPERATIONS!
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
Eligible Borrowers
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

9. Yes, we even have special offers!
Rural Project Initiative (RPI)
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
½ the U.S. Treasury rate! 1.28% as of 6/3/2019
RRIF eXpress (RRIF-X)
Available exclusively to Class II and Class 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