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Pre-solicitation #DTFH61-13-R-00018 (April 16, 2013). Selected firms will assist the DOT in evaluating the creditworthiness of projects, negotiating the financial terms and conditions in the credit agreements for Federal credit assistance, and providing post-closing financial services. The FHWA seeks well qualified firms with significant project finance expertise in the municipal bond, corporate bond, and commercial banking sectors, as well as specific experience in infrastructure financings advanced through public-private partnerships. In addition, firms offering to provide risk assessment services must have specific experience performing revenue assessments using probabilistic techniques, such as Monte Carlo simulation, to analyze the assumptions and values underlying project revenue forecasts. Firms offering to provide services in connection with the restructuring of TIFIA loans and bankruptcy filings must have significant experience providing restructuring services to lenders. The FHWA intends to award multiple ID/IQ contracts so that several firms will be available at any time to compete for task orders issued on behalf of the TIFIA credit program. The number of task orders issued will depend on the demand for Federal credit assistance. Generally, each upcoming credit transaction will result in a specific task order for financial services for assistance with the TIFIA Joint Program Office (JPO) project evaluation and may include optional tasks for assistance with legal negotiations and post-closing services. In addition, the FHWA may issue task orders for research and other special financial advisory services to assist in carrying out DOT credit program requirements. The RFP will be issued as a Full and Open Competition solicitation.
Additional information will be available once the final RFP is released – you can track the release of the solicitation on FBO using the following link:
https://www.fbo.gov/?s=opportunity&mode=form&id=99d2d71bb5ce545926774a2e9674c22d&tab=core&_cview=0.
U.S. Transportation Secretary Ray LaHood yesterday approved a nearly $120 million loan that will enable Dallas Area Rapid Transit (DART) to advance construction on the third phase of its light rail Orange Line extension project. The extension, which will connect Irving, Texas, with Dallas Fort Worth Airport (DFW), is part of a long-term effort to create a 90-mile light rail network by 2014 to serve the Dallas metropolitan area.
Read the full press release (December 14, 2012)
Pursuant to the recently enacted Moving Ahead for Progress in the 21st Century Act (MAP-21), DOT announced the availability of funding authorized in the amount of $1.75 billion ($750 million in Federal Fiscal Year (FY) 2013 funds and $1 billion in FY 2014 funds (and any funds that may be available from prior fiscal years)) to provide TIFIA credit assistance for eligible projects. Projects must meet statutorily specified eligibility criteria to receive credit assistance. The Notice of Funding Availability (NOFA), published on July 31, 2012, outlines the process that applicants must follow.
Letters of Interest must be submitted using the form on the TIFIA website:
http://www.fhwa.dot.gov/ipd/tifia/guidance_applications/index.htm.
DOT has revised the form for the Letter of Interest to reflect changes made to the TIFIA program by MAP-21. Submit all Letters of Interest via e-mail at: TIFIACredit@dot.gov.
U.S. Transportation Secretary Ray LaHood today announced the availability of up to $17 billion in loans for critical infrastructure projects across the country as a result of the recently enacted surface transportation bill. Secretary LaHood encouraged states and cities across the country to submit letters of interest for the TIFIA (Transportation Infrastructure Finance and Innovation Act) program, which provides direct loans, loan guarantees, and standby lines of credit to major infrastructure projects with the potential to create jobs and spur economic development and growth.
Read the Full Press Release (July 27, 2012)
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