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