Innovative Infrastructure Finance
We help our clients understand the Federal innovative finance tools most appropriate for advancing their critical highway and passenger rail projects. Our clients include states, local governments and other project sponsors.
We provide expert technical assistance in understanding, requesting and deploying:
Federal Grant Programs, including $70 billion in FRA Grants, to advance passenger rail projects under the 2021 Bipartisan Infrastructure Bill.
Federal Credit Programs, including TIFIA and RRIF Credit, to accelerate highway and passenger rail programs. $83 billion has been provided under TIFIA and $7 billion under RRIF as of July 2022. These credit programs currently offer 3% interest rates.
Federal GARVEE Bonds supported by $350 billion in Federal-aid appropriations over the next five years. These bonds are used to advance highway projects and carry low municipal bond rates.
About WernerMax
Our principal, Frederick Werner, has more than 40 years’ experience in managing Federal and state transportation finance programs. As part of his portfolio, he has worked with states and project sponsors for 20 years to implement Federal innovative finance tools, such as TIFIA Credit, GARVEE Bonds and State Infrastructure Bank (SIB) financing.
He also has played an instrumental role in the Federal review of TIFIA Credit applications as well as state plans for using GARVEE Bonds and SIB financing to advance Federally eligible projects.
Other associates are available, depending on the technical needs of the client.
Contact
Feel free to contact us with any questions.
Email
frederick@wernermarx.com
