The Honorable Bill Shuster
Chairman
Committee on Transportation and Infrastructure
U.S. House of Representatives
Washington, DC 20515
Dear Mr. Chairman:
This letter constitutes the Fiscal Year (FY) 2012 Report to Congress on the Transportation Infrastructure Finance and Innovation Act (TIFIA) projects whose sponsors submitted letters of interest under the Moving Ahead for Progress in the 21st Century Act (MAP–21). Section 609(b) of Title 23 U.S.C., as amended by Section 2002 of MAP-21, requires the Secretary of Transportation to submit an application process report to the Senate Committee on Environment and Public Works and the House Committee on Transportation and Infrastructure that includes a list of all letters of interest and applications received from project sponsors during the preceding fiscal year.
Background on the TIFIA Credit Program
The TIFIA established a Federal credit program for eligible transportation projects of national or regional significance under which the U.S. Department of Transportation (DOT) may provide
3 forms of credit assistance—secured (direct) loans, loan guarantees, and standby lines of credit. The program’s fundamental goal is to leverage Federal funds by attracting substantial private and other non-Federal co-investment in critical improvements to the Nation’s surface transportation system.
The DOT awards credit assistance to eligible applicants, which include State departments of transportation, transit operators, special authorities, local governments, and private entities. Highway, transit, passenger rail, certain freight facilities, certain port projects, and rural infrastructure projects may receive credit assistance through the TIFIA program.
All projects seeking TIFIA credit assistance must first submit a letter of interest to secure an invitation to submit a formal application. Pursuant to MAP-21, letters of interest may be submitted at any time on a rolling basis. Letters of interest should: (i) describe the project and the location, purpose, and cost of the project; (ii) outline the proposed financial plan, including the requested credit assistance and the proposed obligor; (iii) provide the status of environmental review; and (iv) provide information regarding satisfaction of the eligibility requirements of the TIFIA credit program.
The MAP-21 authorizes $1.75 billion in new contract authority for the TIFIA program to cover the budgetary cost/subsidy cost of providing credit assistance. The TIFIA program estimates that this budget authority could provide approximately $17 billion in credit assistance to surface transportation projects.
Page 2
The Honorable Bill Shuster
Summary of FY 2012 Activities
As of September 30, 2012, the Department had received 17 letters of interest from sponsors of projects seeking more than $8.4 billion in credit assistance in response to a Notice of Funding Availability announcing new funding authorized in MAP-21.
Of the 17 project sponsors seeking assistance, 14 letters of interest were submitted for highway projects. Two were for transit projects and the remaining one was for a multimodal project. The enclosed summary table provides the name of each project, the mode, project sponsor, location, and date the letter of interest was received. Because no formal applications have been submitted there is no additional information to provide relating to the applications.
A similar letter has been sent to the Ranking Member of the House Committee on Transportation and Infrastructure and to the Chairman and Ranking Member of the Senate Committee on Environment and Public Works.
If I can provide additional information or assistance, please feel free to call me.
Sincerely yours,
Ray LaHood
Enclosure
The Honorable Nick J. Rahall, II
Ranking Member
Committee on Transportation and Infrastructure
U.S. House of Representatives
Washington, DC 20515
Dear Congressman Rahall:
This letter constitutes the Fiscal Year (FY) 2012 Report to Congress on the Transportation Infrastructure Finance and Innovation Act (TIFIA) projects whose sponsors submitted letters of interest under the Moving Ahead for Progress in the 21st Century Act (MAP–21). Section 609(b) of Title 23 U.S.C., as amended by Section 2002 of MAP-21, requires the Secretary of Transportation to submit an application process report to the Senate Committee on Environment and Public Works and the House Committee on Transportation and Infrastructure that includes a list of all letters of interest and applications received from project sponsors during the preceding fiscal year.
Background on the TIFIA Credit Program
The TIFIA established a Federal credit program for eligible transportation projects of national or regional significance under which the U.S. Department of Transportation (DOT) may provide
3 forms of credit assistance—secured (direct) loans, loan guarantees, and standby lines of credit. The program’s fundamental goal is to leverage Federal funds by attracting substantial private and other non-Federal co-investment in critical improvements to the Nation’s surface transportation system.
The DOT awards credit assistance to eligible applicants, which include State departments of transportation, transit operators, special authorities, local governments, and private entities. Highway, transit, passenger rail, certain freight facilities, certain port projects, and rural infrastructure projects may receive credit assistance through the TIFIA program.
All projects seeking TIFIA credit assistance must first submit a letter of interest to secure an invitation to submit a formal application. Pursuant to MAP-21, letters of interest may be submitted at any time on a rolling basis. Letters of interest should: (i) describe the project and the location, purpose, and cost of the project; (ii) outline the proposed financial plan, including the requested credit assistance and the proposed obligor; (iii) provide the status of environmental review; and (iv) provide information regarding satisfaction of the eligibility requirements of the TIFIA credit program.
The MAP-21 authorizes $1.75 billion in new contract authority for the TIFIA program to cover the budgetary cost/subsidy cost of providing credit assistance. The TIFIA program estimates that this budget authority could provide approximately $17 billion in credit assistance to surface transportation projects.
Page 2
The Honorable Nick J. Rahall, II
Summary of FY 2012 Activities
As of September 30, 2012, the Department had received 17 letters of interest from sponsors of projects seeking more than $8.4 billion in credit assistance in response to a Notice of Funding Availability announcing new funding authorized in MAP-21.
Of the 17 project sponsors seeking assistance, 14 letters of interest were submitted for highway projects. Two were for transit projects and the remaining one was for a multimodal project. The enclosed summary table provides the name of each project, the mode, project sponsor, location, and date the letter of interest was received. Because no formal applications have been submitted there is no additional information to provide relating to the applications.
A similar letter has been sent to the Chairman of the House Committee on Transportation and Infrastructure and to the Chairman and Ranking Member of the Senate Committee on Environment and Public Works.
If I can provide additional information or assistance, please feel free to call me.
Sincerely yours,
Ray LaHood
Enclosure
The Honorable Barbara Boxer
Chairman
Committee on Environment and Public Works
United States Senate
Washington, DC 20510
Dear Chairman Boxer:
This letter constitutes the Fiscal Year (FY) 2012 Report to Congress on the Transportation Infrastructure Finance and Innovation Act (TIFIA) projects whose sponsors submitted letters of interest under the Moving Ahead for Progress in the 21st Century Act (MAP–21). Section 609(b) of Title 23 U.S.C., as amended by Section 2002 of MAP-21, requires the Secretary of Transportation to submit an application process report to the Senate Committee on Environment and Public Works and the House Committee on Transportation and Infrastructure that includes a list of all letters of interest and applications received from project sponsors during the preceding fiscal year.
Background on the TIFIA Credit Program
The TIFIA established a Federal credit program for eligible transportation projects of national or regional significance under which the U.S. Department of Transportation (DOT) may provide
3 forms of credit assistance—secured (direct) loans, loan guarantees, and standby lines of credit. The program’s fundamental goal is to leverage Federal funds by attracting substantial private and other non-Federal co-investment in critical improvements to the Nation’s surface transportation system.
The DOT awards credit assistance to eligible applicants, which include State departments of transportation, transit operators, special authorities, local governments, and private entities. Highway, transit, passenger rail, certain freight facilities, certain port projects, and rural infrastructure projects may receive credit assistance through the TIFIA program.
All projects seeking TIFIA credit assistance must first submit a letter of interest to secure an invitation to submit a formal application. Pursuant to MAP-21, letters of interest may be submitted at any time on a rolling basis. Letters of interest should: (i) describe the project and the location, purpose, and cost of the project; (ii) outline the proposed financial plan, including the requested credit assistance and the proposed obligor; (iii) provide the status of environmental review; and (iv) provide information regarding satisfaction of the eligibility requirements of the TIFIA credit program.
The MAP-21 authorizes $1.75 billion in new contract authority for the TIFIA program to cover the budgetary cost/subsidy cost of providing credit assistance. The TIFIA program estimates that this budget authority could provide approximately $17 billion in credit assistance to surface transportation projects.
Page 2
The Honorable Barbara Boxer
Summary of FY 2012 Activities
As of September 30, 2012, the Department had received 17 letters of interest from sponsors of projects seeking more than $8.4 billion in credit assistance in response to a Notice of Funding Availability announcing new funding authorized in MAP-21.
Of the 17 project sponsors seeking assistance, 14 letters of interest were submitted for highway projects. Two were for transit projects and the remaining one was for a multimodal project. The enclosed summary table provides the name of each project, the mode, project sponsor, location, and date the letter of interest was received. Because no formal applications have been submitted there is no additional information to provide relating to the applications.
A similar letter has been sent to the Ranking Member of the Senate Committee on Environment and Public Works and to the Chairman and Ranking Member of the House Committee on Transportation and Infrastructure.
If I can provide additional information or assistance, please feel free to call me.
Sincerely yours,
Ray LaHood
Enclosure
The Honorable David Vitter
Ranking Member
Committee on Environment and Public Works
United States Senate
Washington, DC 20510
Dear Senator Vitter:
This letter constitutes the Fiscal Year (FY) 2012 Report to Congress on the Transportation Infrastructure Finance and Innovation Act (TIFIA) projects whose sponsors submitted letters of interest under the Moving Ahead for Progress in the 21st Century Act (MAP–21). Section 609(b) of Title 23 U.S.C., as amended by Section 2002 of MAP-21, requires the Secretary of Transportation to submit an application process report to the Senate Committee on Environment and Public Works and the House Committee on Transportation and Infrastructure that includes a list of all letters of interest and applications received from project sponsors during the preceding fiscal year.
Background on the TIFIA Credit Program
The TIFIA established a Federal credit program for eligible transportation projects of national or regional significance under which the U.S. Department of Transportation (DOT) may provide
3 forms of credit assistance—secured (direct) loans, loan guarantees, and standby lines of credit. The program’s fundamental goal is to leverage Federal funds by attracting substantial private and other non-Federal co-investment in critical improvements to the Nation’s surface transportation system.
The DOT awards credit assistance to eligible applicants, which include State departments of transportation, transit operators, special authorities, local governments, and private entities. Highway, transit, passenger rail, certain freight facilities, certain port projects, and rural infrastructure projects may receive credit assistance through the TIFIA program.
All projects seeking TIFIA credit assistance must first submit a letter of interest to secure an invitation to submit a formal application. Pursuant to MAP-21, letters of interest may be submitted at any time on a rolling basis. Letters of interest should: (i) describe the project and the location, purpose, and cost of the project; (ii) outline the proposed financial plan, including the requested credit assistance and the proposed obligor; (iii) provide the status of environmental review; and (iv) provide information regarding satisfaction of the eligibility requirements of the TIFIA credit program.
The MAP-21 authorizes $1.75 billion in new contract authority for the TIFIA program to cover the budgetary cost/subsidy cost of providing credit assistance. The TIFIA program estimates that this budget authority could provide approximately $17 billion in credit assistance to surface transportation projects.
Page 2
The Honorable David Vitter
Summary of FY 2012 Activities
As of September 30, 2012, the Department had received 17 letters of interest from sponsors of projects seeking more than $8.4 billion in credit assistance in response to a Notice of Funding Availability announcing new funding authorized in MAP-21.
Of the 17 project sponsors seeking assistance, 14 letters of interest were submitted for highway projects. Two were for transit projects and the remaining one was for a multimodal project. The enclosed summary table provides the name of each project, the mode, project sponsor, location, and date the letter of interest was received. Because no formal applications have been submitted there is no additional information to provide relating to the applications.
A similar letter has been sent to the Chairman of the Senate Committee on Environment and Public Works and to the Chairman and Ranking Member of the House Committee on Transportation and Infrastructure.
If I can provide additional information or assistance, please feel free to call me.
Sincerely yours,
Ray LaHood
Enclosure
Report to Congress on FY 2012 Transportation Infrastructure Finance and Innovation Act (TIFIA) Letters of Interest and Applications
Under Moving Ahead for Progress in the 21st Century Act
TIFIA Letters of Interest, FY 2012 | ||||
PROJECT NAME | MODE | PROJECT SPONSOR | LOCATION | LETTER OF INTEREST RECEIVED |
183 S | Highway | Central Texas Regional Mobility Authority (CTRMA) | Austin, TX | 8/1/2012 |
Route 460 | Highway | Virginia Department of Transportation (VDOT) | Southeast VA | 8/2/2012 |
I-77 HOT Lanes | Highway | North Carolina Department of Transportation (NCDOT) | Charlotte, NC | 8/7/2012 |
Knik Arm Crossing | Highway | Knik Arm Bridge and Toll Authority (KABATA) | Anchorage, AK | 8/14/2012 |
SH 288 | Highway | Texas Department of Transportation (TxDOT) | Houston, TX | 8/22/2012 |
SH 183 | Highway | TxDOT | Dallas County, TX | 8/22/2012 |
Grand Parkway (SH 99) | Highway | TxDOT | Houston Metro, TX | 8/22/2012 |
IH 35 E | Highway | TxDOT | Dallas/Denton County, TX | 8/22/2012 |
Mid-Currituck Bridge | Highway | NCDOT | Outer Banks, NC | 8/27/2012 |
Tappan Zee Bridge | Highway | NY State Thruway Authority | Rockland/ Westchester County, NY | 9/5/2012 |
CDA ConRAC ATS | Multi modal | Chicago Department of Aviation | Chicago, IL | 9/7/2012 |
Northwest Corridor | Highway | Georgia Department of Transportation | Atlanta, GA | 9/17/2012 |
Chicago Riverwalk | Highway | Chicago Department of Transportation | Chicago, IL | 9/24/2012 |
East End Crossing (Ohio River Bridges) | Highway | Indiana Finance Authority | Louisville, KY/IN | 9/25/2012 |
Downtown Crossing (Ohio River Bridges) | Highway | Kentucky Public Transportation Infrastructure Authority | Louisville, KY/IN | 9/27/2012 |
Kansas City Streetcars | Transit | Kansas City | Kansas City, MO | 9/28/2012 |
Treme Iberville Project | Transit | City of New Orleans | New Orleans, LA | 9/28/2012 |