Text Detail of the Accelerate Your Transportation Program Infographic Image:
Use innovative financing to complete your project faster and reduce costs.
Innovative Financing | vs. | Pay-As-You-Go |
---|---|---|
$5 Million Transportation Project | ||
Start building IMMEDIATELY and (icon of a person wearing a hard hat) |
Wait 5 YEARS to start building due to budget restrictions or (icon of an open-palmed hand in front of a stop sign) |
|
Build WITHOUT DELAYS (icon of a checkmark) |
Build IN PHASES as funds become available (icon of a brick foundation) |
|
Incur interest at approximately 3.25%* OVER 10 YEARS (icon of a short stack of dollar bills) |
See inflation rise at 4%** ANNUALLY, raising construction costs (icon of a safety cone) |
|
Project complete in 3-5 YEARS (icon of a road heading toward the horizon) |
Project complete in 8-10 YEARS (icon of a person holding blueprints) |
Potential savings using Innovative Financing | UP TO $150K
Over the long term, interest payments may be less expensive than construction-cost inflation.
*Interest rate variable | **Estimated from FHWA data
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