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FHWA Resource Center

INNOVATIVE FINANCE TEAM

Solutions

Providing Innovative Finance Alternatives to Solve State Transportation Challenges

Problem: Expanding Opportunities to Advance Projects
The Resource Center Innovative Finance Technical Service Team offers a complete range of services to officials at State, local, and Federal Highway Administration (FHWA) Division Offices across the United States, covering all 50 States and 6 territories. The mission of the Finance Team is to present sound innovative financing and Federal fund management alternatives, which rely on and employ the following:
- Solid and prudent analysis in leveraging the Federal funds to meet capital requirements;
- Practices consistent with a State's needs and overall capital management strategy;
- Effective and efficient stewardship of the Federal-aid program; and
- Creative approaches that result in real added value.

The team also works to successfully attract infrastructure investors through public-private-partnership contracts. The Innovative Finance Technical Service Team has been actively engaged around the Nation, providing a full range of specialized technical advice and services to guide the application of innovative transportation finance tools
from concept to closure and management.

Putting it in Perspective
PEOPLE WE SERVE
- FHWA Division Offices, FHWA Finance and Federal-aid Program Staff
- U.S. DOT: TIFIA Joint Program, Border Planning, and Freight Staffs
- State DOT: Treasurer, Director of Finance, Chief Finance Officer, Chief of DOT Transportation Cabinet
- Public Officials: Commissioner, Governor, and Staff
- State Auditors, Consultants and Contract Auditors

SERVICES WE PROVIDE
Assistance and Expertise
- Offer technical assistance and expertise in grant initiatives, credit assistance, cash management funding management, and assess to the capital market. Public-Private Partnership
- How to select partners? Innovative Contract, Turnkey, Privatization, and Concessions.Internal Controls and Stewardship
- Deploy Internal Control/Audit-Guides; Audit Guide; Utilities and Right-of-Way Agreement Rate and Compliance Review; Internal Controls Training and Process Review; Accounting Treatment on Innovative Finance; and Financial Management Improvement Program Guide.

TRANSPORTATION MODES WE ADVISE
Highways, Mass Transit, Border Initiatives, Freight, and Passenger Rail.

Solution: Moving Your Transportation Project from a Possibility to Reality
Innovative Transportation Finance : Funding tools to expand opportunities, advance projects, save time, and make projects feasible through the help of the following financial alternatives:
- Grant Management Initiatives: Grant Anticipate Revenue Vehicle Bonds (GARVEEs), Grant Anticipation Notes (GANs) and State Infrastructure Bank (SIBs) capitalization that leverage Federal grant funding.
- Credit Instruments: Section 129 Loans, TIFIA, and the Railroad Rehabilitation Improvement and Financing program.
- Tax Incentives: Private Activity Bonds and Tax oriented leasing.
- Grant Management Tools: Tapered and soft match,
toll credits, and advance and partial conversion of advance construction.
- Public and Private Partnership to attract and encourage private equity investor investment in infrastructure transportation projects.

Multi Modes Transportation Finance : Cross border and multi-jurisdiction infrastructure projects, Freight, and Mass Transit financing.
Debt Management and Risk Management : Post issuance management and investment alternatives.
Finance Management Stewardship and Internal Control : Assistance in effectively managing, accounting and auditing systems and programs.
Corporate Single Audit and Audit Consultant : Improve audit efficiency, minimize audit intrusion on private industry and accelerating the closing of highway projects with railroad and/or utility agreements.
Market Best Practices : Interactive workshops and conferences.

Benefits
Whether our customers are planning to finance infrastructure projects in traditional ways or innovative approaches, it is more important than ever to understand the choices available and determine what is the right financing alternative for a specific project profile to achieve the lowest cost of capital.

For more information contact:

Thay Bishop, FHWA Resource Center
Phone: (404) 562-3695
E-mail: thay.bishop@fhwa.dot.gov

FHWA Publication No: FHWA-RC-BAL-04-0015

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