Selected Site Visits

Bridge Replacement Project in Independence, Oregon

The town of Independence, Oregon borrowed $650,000 from the Oregon Transportation Infrastructure Bank to replace a weight-restricted bridge that was on a primary access route to a local school. Weight restrictions meant that school buses, too heavy to cross the bridge, had to drive miles out of their way to cross a more modern bridge to get to the school.

The Oregon Transportation Infrastructure Bank worked with the town and came to an agreement on terms for a loan. The town would use its portion of Highway Bridge Repair and Replacement funds and some of its portion of the State gas tax to repay the loan.

Conway Bypass in Conway, South Carolina

SC 22, originally called the Conway Bypass, is a new 28.5 mile, fully controlled access highway linking US 501 between Conway and Aynor to US 17 near Briarcliffe Acres (between Myrtle Beach and North Myrtle Beach).

This new highway was designed to help alleviate congestion on US 501, a main route into Myrtle Beach, and provide a new route to one of the nation's most popular resort destinations.

The project was a result of a partnership made up of SCDOT, the Federal Highway Administration, Horry County, the State Infrastructure Bank and Fluor Daniel. The highway's construction time - just three years - and innovative financing methods have made it a model for other transportation departments across the country.

Price Corridor Segments in Chandler, Arizona

A $26 million short-term SIB loan accelerated construction of this new 2.7 mile, six lane freeway segment by one year. The Warner to Fry segment of the Price Freeway, part of the Maricopa Freeway System, was identified by the City of Chandler, Arizona as a critical project, given the major industrial and commercial development along the corridor. The advancement of this project improved mobility for the area and generated economic benefits. Without the financial assistance of the Arizona SIB, this advancement would not have been feasible.

Chandler is financially participating in the project by sharing in the interest costs on the SIB loan. The project also attracted private sector capital with a major developer paying a portion of the City's interest payments. The project was completed in December 2000.

Highway 179 Segments in Cole County, Missouri

The project (approx. 4.9 miles) consists of acquiring right of way and constructing an extension of Highway 179, including an interchange and an outer road on Highway 54, from Highway 50 to Route B in Jefferson City and Cole County. The segment also includes a grade separation bridge over Route 54 connecting Idlewood Road and Southwood Hills Drive removing the at-grade intersection at Route 54. The Highway 179 Transportation Corporation in Jefferson City is the borrower of a $6 million SIB loan.