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)

OFFICE OF THE COMPTROLLER PROJECT FINANCE

Florida Department of Transportation

Project Finance

Sta te Infra struc ture Ba nk (SIB)

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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)

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Florida Department of Transportation

Project Finance

SIB Projects

Geographical Diversity

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Sta te Infra struc ture Ba nk (SIB)

96 applications approved $1.8B SIB assistance $12.6B in total project costs

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 …)

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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

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Florida Department of Transportation

Project Finance

SIB Ke y Points to Re me mbe r

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►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

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)

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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 )

L e tte r of Inte re st Ope n for Invite d Applic a tions Close d for Invite d Applic a tions Comme nc e Ne g otia tions with L

• a n Ca ndida te s

F e brua ry 1, 2017 - April 28, 2017 June 1, 2017 July 14, 2017 Oc tobe r/ Nove mbe r - 2017

Florida Department of Transportation

Project Finance

Que stions a nd Answe rs?

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SIB Website:

http://www.fdot.gov.comptroller/PFO/sib.shtm

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

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