Goethals Bridge: A New P3 Covenant

The TIFIA program’s challenge has been to have funds available when projects are ready to reach financial close (a process that often includes a year or more for TIFIA to get its paperwork done.)

The Presidio Parkway P3 in San Francisco took three years. So did the Goethals Bridge, an availability-pay DBFOM concession whose TIFIA loan term sheet was signed by the Port Authority in mid-January. The authority will assign the loan agreement to the