As Coronavirus continues to wreak havoc on the US economy, providing credit assistance to governments and enterprise has been a priority for policymakers. Yet one federal program has been surprisingly overlooked, despite its ability to generate over $300 billion in infrastructure debt relief from just $20 billion in federal funding and its potential to spur massive new infrastructure investment.
The program is the U.S. Department of Transportation (USDOT)’s lending program TIFIA, which allows infrastructure developers to borrow up to one-third of project costs at Treasury rates.