The State Infrastructure Bank (SIB) complements traditional funding techniques and serves as a useful tool to meet urgent project-financing demands, stretching both Federal and State dollars. MDOT's objective is to maximize the use of Federal and State funds in order to make loans to eligible projects. Repayments from these loans are made to MDOT and then re-loaned for 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.
For further information, contact Deanna Finch, State Infrastructure Bank Coordinator, at 517-241-4778 or email at finchd@michigan.gov