Credit Support and Infrastructure Investment: The Case of the Transportation Infrastructure Finance and Innovation Act (TIFIA) Program

Gifford, Jonathan; Lee, Narae

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Credit Support and Infrastructure Investment: The Case of the Transportation Infrastructure Finance and Innovation Act (TIFIA) Program

2020-09-30
By Gifford, Jonathan ; Lee, Narae

File Language:

English

Details

Creators:

Gifford, Jonathan ; Lee, Narae
Corporate Creators:

Center for Integrated Asset Management for Multimodal Transportation Infrastructure Systems (CIAMTIS) (UTC) ; George Mason University
Corporate Contributors:

United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology
Subject/TRT Terms:
Publication/ Report Number:

CIAM-COR-REG23
Resource Type:

Tech Report
Geographical Coverage:

United States
Edition:

Final Report 03/31/2019 – 09/30/2020
Corporate Publisher:

Center for Integrated Asset Management for Multimodal Transportation Infrastructure Systems (CIAMTIS) (UTC)
Abstract:

Infrastructure project development in the United States frequently relies on debt financing. Project sponsors typically borrow money for project design and construction through private capital markets, but the Transportation Infrastructure Finance and Innovation Act (TIFIA) program of the U.S. Department of Transportation (USDOT) also provides a complementary public financing program for surface transportation infrastructure development projects. This research empirically evaluates whether and how the TIFIA program’s creditworthiness profile, measured via credit ratings, changed between the Moving Ahead for Progress in the 21st Century (MAP-21) and Fixing America’s Surface Transportation (FAST) Act periods. The findings provide meaningful insights, and follow-up research will be important.
Format:

PDF
Funding:

69A3551847103
Download URL:

https://rosap.ntl.bts.gov/view/dot/65565/dot_65565_DS1.pdf
File Type:

[PDF - 682.05 KB]
Collection(s):

University Transportation Centers
Main Document Checksum:

urn:sha-512:7c7b0c9ca368ed8c6b8ea29ff9de2d42abc9835cfc6b276ec15fcdeebdd4f49d860afcce202d3f777f460276d400bcfa68b093c84e081b72ec26f035888ae3cc

File Language:

English

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