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 Provides technical assistance and other services

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

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

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

…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

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

…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

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

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

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

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

Here’s what to expect.

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