Resources: Federal Credit Assistance Tools
Federal Credit Concepts and Issues
Federal Credit for Surface Transportation Paper
This report dating from the 1990s reviews different forms of credit and assesses their potential to be used by USDOT as part of a comprehensive surface transportation credit program, including:
- Direct, flexible payment loans from the federal government would provide sponsors with permanent financing of construction costs in a manner that enables loan repayments to coincide with the receipt of revenues, rather than according to inflexible repayment schedules.
- Loan guarantees by the federal government would be designed to attract private capital on similar terms to direct, flexible payment loans, but the loans would be funded from private capital sources.
- Standby lines of credit represent secondary sources of funding in the form of contingent federal loans that may be drawn on to supplement project revenues if needed during the ramp-up period.
Federal Credit Concepts for Surface Transportation Conference
The purpose of this conference was to explore the implications of using Federal credit (e.g., direct Federal loans, loan guarantees, and lines of credit) to help finance major surface transportation projects. The conference was one in a series of periodic policy discussions the FHWA sponsored called "Searching for Solutions," in which experts were invited to help FHWA examine key transportation policy issues.