Sta te Infra struc ture Ba nk (SIB) O FFICE OF THE C OMPTROLLER P ROJECT FINANCE
Project Finance Sta te Infra struc ture Ba nk (SIB) 2 Florida Department of Transportation
Project Finance SIB Purpose Revolving loan and credit enhancement program Provides financial solutions to address transportation needs and advance projects Supports projects with direct link between mobility and economic growth (creates jobs) 3 Florida Department of Transportation
Project Finance Sta te Infra struc ture Ba nk (SIB) SIB Projects Geographical Diversity 96 applications approved $1.8B SIB assistance $12.6B in total project costs 4 Florida Department of Transportation
Project Finance SIB E lig ibility Federal-Funded Highway/transit facilities Meet federal requirements State-Funded Transportation facilities on/linked to State Highway System Projects providing increased mobility/intermodal connectivity (airpo rts, se apo rts, rail fac ilitie s, e tc …) 5 Florida Department of Transportation
Project Finance Se le c tion Crite ria Creditworthiness/financial feasibility Consistent with local MPO plans Economic benefits Increase safety Maintain/protect environment New technology to enhance efficiency 6 Florida Department of Transportation
Project Finance SIB Ke y Points to Re me mbe r ► Can be used to advance internal and external production ready projects ► Repayments used/revolved for current and future loans ► SIB projects are programmed – see Work Program Instructions Ch. 35 ► Provides “gap” or “bridge” funding ► No grants 7 Florida Department of Transportation
Project Finance L OI, Applic a tion a nd Ne g otia tion Da te s (SIB funds a va ila ble July 1, 2018) L E T T E R OF INT E RE ST , APPL ICAT ION, AND NE GOT IAT ION DAT E S (DAT E S ARE PRE L IMINARY AND SUBJE CT T O CHANGE ) Ope n for Close d for Comme nc e Ne g otia tions L e tte r of Inte re st Invite d Invite d with L oa n Ca ndida te s Applic a tions Applic a tions F e brua ry 1, 2017 - April 28, 2017 June 1, 2017 July 14, 2017 Oc tobe r/ Nove mbe r - 2017 8 Florida Department of Transportation
Project Finance Que stions a nd Answe rs? SIB Website: http://www.fdot.gov.comptroller/PFO/sib.shtm 9 Florida Department of Transportation
Project Finance Contact: Jennifer G. Weeks, CPM, FCCM State Infrastructure Bank (SIB) Program Manager Florida Department of Transportation Office of Comptroller - Project Finance 605 Suwannee Street, MS #10 Tallahassee, Florida 32399-0450 PHONE: (850) 414-4459 E-MAIL: je nnife rg.we e ks@do t.state .fl.us 10 Florida Department of Transportation
Recommend
More recommend