PFAL was appointed to the pool of financial advisors to the US Department of Transportation’s TIFIA transportation finance program.
The Transportation Infrastructure Finance and Innovation Act (TIFIA) program provided federal credit assistance in the form of direct loans, loan guarantees, and standby lines of credit to finance surface transportation projects of national and regional significance. TIFIA credit assistance provided improved access to capital markets, flexible repayment terms, and potentially more favorable interest rates than can be found in private capital markets for similar instruments. TIFIA helped advance qualified, large-scale projects that otherwise might have been delayed or deferred because of size, complexity, or uncertainty over the timing of revenues. Many surface transportation projects – highway, transit, railroad, intermodal freight, and port access – were eligible for assistance. Each dollar of federal funds provided up to $10 in TIFIA credit assistance – and leverage $30 in transportation infrastructure investment.