federal transportation spending tifia loan program
DESCRIPTION
TIFIA Loan ProgramTRANSCRIPT
Federal Transportation Spending
TIFIA Loan Program
Benefits of TIFIA➔ Municipal bonds – interest rates are
related to credit rating and coverage ratios
➔ TIFIA provides same interest rate to all borrowers as long as the project is creditworthy – BBB minus, bbb minus
➔ Leaves more money for other project costs
Benefits of TIFIA➔ Lock in interest rate before project
beginnings• Reduce uncertainty and potential for cost
overruns
➔ No interest – costs – until funds are accessed• Can backload the use of TIFIA loan proceeds to
reduce costs
➔ Deferred payments for up to 5 years
Benefits of TIFIA
TIFIA and Transit➔ Lynx light rail costs
$462M➔ Received a $192M
New Starts grant➔ What if they did not
get a New Starts grant?
TIFIA and Transit
TIFIA and Transit
TIFIA and Transit
New Orleans Streetcar
Kansas City Streetcar
Source Amount (Millions)
Share
STP & CMAQ Grant
$17.3 17%
City/KCATA Funds $10.7 11%
Transportation District Revenues
$73.5 72%
Total $101.5 100%
Market showing preference for walkable places
Market showing preference for walkable places
Market showing preference for walkable places