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State Infrastructure Bank

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 Program Background and Objective

 

The Department has developed a direct loan and bond financing program.  This program was authorized under the Ohio Revised Code, Chapter 5531, for the purpose of developing transportation facilities throughout Ohio.   The State Infrastructure Bank (SIB) shall be used as a method of funding highway, rail, transit, intermodal, and other transportation facilities and projects which produce revenue to amortize debt while contributing to the connectivity of Ohio's transportation system and further the goals such as corridor completion, economic development, competitiveness in a global economy, and quality of life.

Entitled the Ohio State Infrastructure Bank (SIB), this program was capitalized with a $40 million authorization of state general revenue runds (GRF) from the Ohio State Legislature, $10 million in state motor fuel tax funds,  and  $87 million in Federal Title XXIII Highway Funds.  Any highway or transit project eligible under Title XXIII, as well as aviation, rail and other intermodal transportation facilities, is eligible for direct loan funding under the SIB.

ODOT's objective is to maximize the use of Federal and State funds in order to make direct loans to eligible projects. Repayments from these loans will be made to ODOT and then re-loaned to subsequent projects, hence creating a SIB revolving loan program. The SIB revolving loan program will enhance the number of transportation projects that can be completed within the State that otherwise would not have been considered.  

Administration

ODOT will be the primary decision maker for SIB projects. Within ODOT, the SIB Loan Committee will manage the approval process.

ODOT's Division of Finance & Forecasting will promulgate the application process and will be the contact source for information on the program. The Division  of Finance & Forecasting will receive applications, review, and make recommendations to the SIB Loan Committee.

ODOT will administer the loans and bonds using prudent financial guidelines and policies. 

 

 SIB Information:

 
  
  
Loan Approval Process.pdf
  
Loan Disbursement Process.pdf
  
Environmental Requirements.pdf
  
Project Application.docm
  
Loan and Bond Program Comparison Matrix.pdf
  
Loan Program Policies and Guidelines.pdf
  
Right of Way Acquisition Process.pdf
  
Loan Borrowers and Projects.pdf
  
 

 SIB Annual Reports:

 
  
  
2013 SIB Annual Report.pdf
  
2012 SIB Annual Report.pdf
  
2011 SIB Annual Report.pdf
  
2010 SIB Annual Report.pdf
  
2009 SIB Annual Report.pdf
  
2008 SIB Annual Report.pdf
  
2007 SIB Annual Report.pdf
  
2006 SIB Annual Report.pdf
  
2005 SIB Annual Report.pdf
  
2004 SIB Annual Report.pdf
  
 

 SIB Contact:

 

Melinda Lawrence
(614) 644-7255 phone
(614) 887-4962 fax
Ohio Department of Transportation
1980 W. Broad Street
Columbus, Ohio  43223

 

 Questions or Comments about this site:

 
email the web manager: Amy.Denman@dot.state.oh.us