FHWA Soliticits Projects for TIFIA Financing

FHWA’s notice lays out the eight criteria upon which projects are judged, with some emphasized more than others. The three most important criteria each make up 20% of a project’s score: national and regional significance in terms of economic benefits and transportation efficiency, the degree of financial support from the private sector, and environmental sustainability. The minimum amount for TIFIA projects is typically $50 million, but that figure is lowered to $15 million for intelligent transportation systems (programs intended to apply advanced communication and control technologies to ground transportation).