PROJECTS

TIFIA Portsmouth Bypass PPP Advisory, USA

The problem

The Transportation Infrastructure Finance and Innovation Act (TIFIA) had to decide whether to provide financing for a proposed bypass to relieve congestion in Scioto County, Ohio. The Ohio Department of Transportation (ODOT) had applied to TIFIA for a US$230 million loan to help fund a 16-mile highway, as public financing was insufficient.

How we helped

Castalia evaluated the project’s creditworthiness and helped TIFIA negotiate with ODOT. We reviewed the project’s financial and commercial viability, assessed risks for TIFIA, and suggested ways to mitigate risk. We also assessed the impact of different project sensitivities on TIFIA’s credit.

Impact

Following our recommendations, TIFIA signed a US$209 million credit arrangement with ODOT in March 2015. The road started operating in December 2018.

The client

Transportation Infrastructure Finance and Innovation Act (TIFIA)

Our team

David Ehrhardt

Chief Executive

Find out more

View more Castalia projects

How can we help you?

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United States of America

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Thinking for a better world.

PROJECTS NEWS BLOG CONTACT

WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia

Thinking for a better world.

PROJECTS NEWS BLOG CONTACT

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