Trump’s DOT Flops on Its First TIFIA P3 Loan

Where VDOT raised the bar on its procurement of I-66, the Trump administration fell down in underwriting its first P3 loan, which was finally approved in late October, a year after VDOT had signed its project development agreement with private investors.
The $1.2-billion TIFIA loan was a critical element in the project financing for I-66. Yet the financial close was delayed repeatedly while the new leadership at USDOT re-reviewed loan documents that had been nearly finalized before they arrived early this year.


About Bill Reinhardt

Editor of Public Works Financing newsletter
This entry was posted in Take Back Infrastructure. Bookmark the permalink.