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The FHWA Office of Chief Counsel in conjunction with the TIFIA Joint Program Office is seeking to fill an Attorney Advisor position. Vacancy is limited to the first 200 applications and will close early at midnight on the day the 200th application is received or on June 10, 2013 (closing date), whichever occurs earlier. The Office of Chief Counsel (HCC), Federal Highway Administration (FHWA), is seeking an Attorney Advisor that will be responsible for providing legal advice and counsel to the Transportation Infrastructure Finance and Innovation Act (TIFIA) Joint Program Office (JPO) within the Office of Innovative Program Delivery (OIPD), on complex credit, surface transportation project finance, and other legal matters involving multiple creditors under the U.S. Department of Transportation’s (U.S. DOT or Department) TIFIA Credit Program.
The TIFIA Credit Program provides secured (direct) loans, loan guarantees, and standby lines of credit to borrowers seeking to develop major surface transportation projects that meet certain creditworthiness and other eligibility standards. See 23 U.S.C. §§601-609.
The responsibilities of the position involve complex factual and legal matters involving surface transportation project finance, Federal and State law, contractual interpretation, and coordination with FHWA, the Federal Transit Administration and other U.S. DOT modal administrations, State departments of transportation, private concessionaires, and outside counsel on matters of significance to FHWA and the U.S. DOT. This position is being filled at the GS-13 or 14 level and is located in Washington, DC. Salary range is $89,033 - $136,711 per year, based upon qualifications. This complete Attorney Advisory vacancy announcement can be viewed at: https://www.usajobs.gov/GetJob/ViewDetails/344297300. In order to be considered, please follow specific application procedures on the announcement.
Solicitation #DTFH61-13-R-00018 was posted on FedBizOpps.gov on May 2, 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. This will be a Full and Open Competition solicitation and responses will be due on June 4, 2013 by 12:00 PM ET.
You can track the amendments to the solicitation on FBO using the following link:
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:
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)