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Sta te Infra struc ture Ba nk (SIB) O FFICE OF THE C OMPTROLLER P - PowerPoint PPT Presentation

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


  1. Sta te Infra struc ture Ba nk (SIB) O FFICE OF THE C OMPTROLLER P ROJECT FINANCE

  2. Project Finance Sta te Infra struc ture Ba nk (SIB) 2 Florida Department of Transportation

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. Project Finance Que stions a nd Answe rs? SIB Website: http://www.fdot.gov.comptroller/PFO/sib.shtm 9 Florida Department of Transportation

  10. 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

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