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7/14/2025
The U.S. Department of Transportation's (USDOT) Build America Bureau has updated policy for the Transportation Infrastructure Finance and Innovation Act (TIFIA) credit program to allow all types of transportation infrastructure projects to finance up to 49% of eligible costs.
Previously, only limited types of projects were permitted to finance up to 49% of costs, while most were capped at up to 33%. The policy change will allow for any types of projects to finance up to 49% through TIFIA, according to a USDOT press release.
“It’s common sense to allow all eligible projects the same access to our low-interest financing opportunities. We are building infrastructure easier, quicker, and cheaper. This update is the result of extensive analysis, successful pilot programs and listening to feedback from our partners," said U.S. Transportation Secretary Sean Duffy.
The bureau's TIFIA credit program provides flexible, long-term, low-interest loans to support public and private infrastructure projects. Loans must be repaid using nonfederal funding.
Allowing more projects to finance up to 49% through TIFIA will expedite project delivery, USDOT officials said. Eligible projects will save significantly on financing costs, reducing the need for supplemental federal grants, they added.