Roads, Bridges and Major Projects
Transportation Infrastructure Finance and Innovation Act
Agency NameDepartment of Transportation
Funding AmountTransportation Infrastructure Finance and Innovation Act will have a total of $75 billion in lending capacity under the Bipartisan Infrastructure Law.
Bureau Name
Office of the Secretary
Funding Mechanism
Loan
New?
No
Funding Mechanism
Loan
Funding Amount Notes
Period of Availability
4 year
Program Description
The Transportation Infrastructure Finance and Innovation Act Program provides Federal credit assistance to eligible surface transportation projects.
Eligible Uses
Surface transportation projects, including highway, transit, intercity passenger rail, some types of freight rail, intermodal freight transfer facilities, and some modifications inside a port terminal, and electrification of buses, ferries, trains, and associated infrastructure. The Bipartisan Infrastructure Law specifically provides new eligibility under the Transportation Infrastructure Finance and Innovation Act Program for airport projects and expanded authority for transit-oriented development.
sam.gov link
https://sam.gov/fal/5ca04ea5e31b4bbc92a10c29d561a603/view
Statutory Location
11101
Federal Cost Share Requirement
80 percent Federal / 20 percent non-Federal