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<br />t ~ Oregon Transportation Infrastructure Bank <br />(OTIB) <br />A revolving loan program that provides financing for transportation projects. <br />2~`~° Today s Discussion <br />• An overview of the Transportation Infrastructure Bank. <br />• Benefits. <br />Typical loan terms. <br />• Example projects. <br />• How to get a loan. <br />3 '~ The OTIB <br />4 <] Oregon Transportation Infrastructure Bank <br />• Oregon was selected as one of original pilot State Infrastrutxure Banks (SIBS) in 1996. <br />• House bill 2097 (199T) established the Oregon Transportation Infrastructure Fund in state law. <br />• Revolving loan fund focusing on innovative transportation financing solutions. <br />• Total highway account capital in excess of $12 million. <br />• Total transit account capital in excess of $3 million. <br />5 ~ Eligible Borrowers <br />• Cities <br />• Conrtties <br />• Transit Providers <br />• Port Districts <br />• Other Special Districts <br />• Tribal Govemmenu <br />• Static Agencies (including ODOT) <br />• Private Entities <br />5 ~~ Project Eligibility Criteria <br />• Any federal-aid eligible (I"itle 23) highway, bridge, bikeway or pedestrian access project <br />• Arty federal-aid eligible ('I-itle 49) transit capital project <br />• Project must conform to planning, programming, design and contracting standards. <br />• Projoct must be in the Statewide Transportation Improvement Program (STIP) and applicable local transportation <br />plaru at the time loan is made. <br />7 ~ Eligible Project Expenditures -Highway <br />• Preliminary engineering. <br />• Right-of-way acquisition. <br />• Roadway construction. <br />• Bridge rehabilitation and replacement <br />• Construction managcntart <br />• Srgrtals. <br />', Financing costs inducting interest and loan fees. <br />Other costs as identified in Federal Regulations. <br />