Project Finance Primer

Federal Highway Administration2010PDFTech ReportUnited States. Federal Highway Administration. Office of Innovative Program DeliveryUnited States. Federal Highway AdministrationUnited StatesFinancingHighwaysConstruction projectsBondsLoansCreditFHWA-OIPD-10-005This Project Finance Primer is an update to the Innovative Finance Brochure, published by Federal Highway Administration (FHWA) in 2002 (Publication No. FHWA-AD-02-006). This primer focuses on bonds and credit assistance and incorporates new project finance techniques that have become available for transportation projects since the brochure\u2019s publication in 2002, including changes and new programs adopted under the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU). Topics include: Grant Anticipation Revenue Vehicles (GARVEEs), Build America Bonds (BABs), Private Activity Bonds, 63-20 Issuance, Transportation Infrastructure and Innovation Act (TIFIA), State Infrastructure Banks (SIBs), and Section 129 Loans. Brief examples illustrate how these techniques have been used by States to finance specific projects.95