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.
Our team
How can we help you?
How can we help you?
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
Sinclair House, 3 Glenside Crescent
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (0)1 85 64 10 22
3B Rue Taylor
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia
Thinking for a better world.
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.