State Infrastructure Banks
Welcome to the State Infrastructure Bank (SIB) Knowledge Hub, a comprehensive resource designed to support and inform stakeholders about the impactful role of State Infrastructure Banks in funding and accelerating infrastructure projects across the United States. This platform serves as a central repository for information, guidance, and real-world applications of SIB funding mechanisms.
State Infrastructure Banks are innovative financial institutions created by states to provide low-cost, flexible financing for transportation projects. By offering a range of financial assistance options such as loans, credit enhancements, and other financing mechanisms, SIBs help bridge the gap between the need for critical infrastructure improvements and the availability of traditional funding sources.
Featured Case Studies
Our Knowledge Hub showcases a series of case studies that highlight the diverse and dynamic ways in which SIBs have successfully supported infrastructure projects. These case studies provide insights into the strategies, outcomes, and lessons learned from various SIB-funded projects, offering valuable perspectives for policymakers, financial experts, and project managers. Explore the links below to learn more about each project and the role of SIBs in their realization:
The overall goal of the Texas State Infrastructure Bank (SIB) program is to provide innovative financing methods designed to expand available funding for transportation projects to assist communities in meeting their infrastructure needs and maximize private and local participation in the financing of projects. The SIB was established in 1997 pursuant to State legislation, following the selection of Texas as one of the 10 original States to participate in the National Highway System Act pilot program.
The Pennsylvania Infrastructure Bank (PIB), which is administered by the Pennsylvania Department of Transportation, has become an important resource in the Commonwealth for advancing aviation, highway/bridge, rail freight, and transit projects. The PIB provides low-interest loans to help fund vital transportation projects, accelerating priority projects that may otherwise have not been funded and saving borrowers millions of dollars.
The Oregon Transportation Infrastructure Bank (OTIB) is a statewide revolving loan fund designed to promote innovative financing solutions for transportation needs, leverage additional funds for infrastructure, and encourage innovative financing techniques to further Oregon’s livability and economic competitiveness. Oregon’s program has been focused on small communities and rural communities to support and advance Federal-aid projects.
The Ohio State Infrastructure Bank (SIB) Program was authorized by the Ohio State Legislature in 1996, following Ohio’s selection as one of the 10 original SIB pilots authorized by the National Highway System Act of 1995. The mission of the SIB is to maximize the use of Federal and State funds through direct loans to fund eligible projects that contribute to the connectivity of Ohio’s transportation system and further goals such as corridor completion, economic development, competitiveness in a global economy, and quality of life.
The Florida State Infrastructure Bank (SIB) was established in 1997, following the selection of Florida as one of the original 10 National Highway System SIB pilot States, with the goal to leverage funds through loans and credit enhancement assistance to improve project feasibility. The SIB has become an important financial tool to accelerate the delivery of critical transportation projects, generate economic benefits, and encourage increased local and private participation in transportation projects.
