Exploring pathways for innovative finance mechanisms to empower transportation project development in Nebraska
Nebraska has been actively exploring innovative finance mechanisms to address its pressing infrastructure needs. The federal program options, mostly managed by the Build America Bureau (“the Bureau”), supporting innovative financing include Transportation Infrastructure Finance and Innovation Act (TIFIA), TIFIA Rural Project Initiative (RPI), Private Activity Bonds (PABs), and State Infrastructure Banks (SIBs). Despite variations in terms and eligibility, these options offer lower-cost capital, thereby reducing the overall project costs through low interest rates, flexible and long repayment periods, and tax exemption. Among the options, TIFIA serves as the cornerstone, RPI is a special version of TIFIA curated for rural communities, PAB aims at reducing private sector’s financing burden, and SIB is a tool built upon TIFIA and PAB aiming at granting more flexibility and discretions to state governments. Although the use of alternative project delivery methods is not always required for leveraging the above-mentioned innovative finance mechanisms, alternative delivery methods are used much more frequently in the context compared to design-bid-build (DBB).
Language
- English
Project
- Status: Programmed
- Funding: $181,164.00
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Sponsor Organizations:
Nebraska Department of Transportation
1500 Nebraska 2
Lincoln, NE United States 68502 -
Project Managers:
Halsey, Lieska
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Principal Investigators:
Liang, Yunping
- Start Date: 20250701
- Expected Completion Date: 20270531
- Actual Completion Date: 0
Subject/Index Terms
- TRT Terms: Financing; Project delivery; State departments of transportation
- Geographic Terms: Nebraska
- Subject Areas: Administration and Management; Finance; Transportation (General);
Filing Info
- Accession Number: 01945354
- Record Type: Research project
- Source Agency: Nebraska Department of Transportation
- Files: RIP, STATEDOT
- Created Date: Feb 10 2025 1:58PM