Post Tagged with: "TIFIA"

Job Alert: Financial Analyst – TIFIA @ U.S. Department of Transportation

November 28, 2012 at 12:01 am

via YPTransportation.org

This position is located in the Innovative Program Delivery office (HIN), Federal Highway Administration (FHWA), Washington, D.C. The Financial Analyst will serve as a member of the TIFIA Joint Program Office (JPO), one of five teams within HIN. The ideal candidate for this position will bring specialized experience in budget and accounting to apply the principles of the Federal Credit Reform Act of 1990 (FCRA), as interpreted through guidance from the Office of Management and Budget (OMB) to manage the TIFIA program funds appropriated by Congress. Working with the budget and accounting staff from the FHWA and the Office of the Secretary, as well as outside technical advisors, you will prepare TIFIA’s annual budget submission, calculate the subsidy cost of each TIFIA transaction, prepare apportionments, collect payments from applicants and borrowers, and ensure that all financial events are recorded properly in the program accounts. This position is being filled at the GS-11, 12 or 13 level and is located in Washington, DC. Salary range is $62,467.00 to $115,742.00 per year, based upon qualifications.

This Financial Analyst vacancy announcement can be viewed at: FHWA.HIN-2013-0002: DEU-Open to all US Citizenshttps://www.usajobs.gov/GetJob/ViewDetails/331226200 and

FHWA.HIN-2013-0004: Government Employees only https://www.usajobs.gov/GetJob/ViewDetails/331227500.

In order to be considered, please follow specific application procedures on the announcements.

Application Cut-off: Given our continuing need for professionals in this field, we will routinely review applications and refer the top candidates for potential interviews multiple times during the open period of the announcement. The first cutoff for applications is close of business November 26, 2012, 2nd cut-off is December 26, 2012 and final review occurring after January 24, 2013 (closing date).

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Guest Post: National Infrastruc​​​ture Bank – Issues & Recommenda​​​​tions Paper

October 4, 2011 at 4:25 pm

This guest post by Brendan Halleman, a fellow transportation professional, offers a paper that examines the merits of establishing a National Infrastructure Bank. As you are probably aware, the public discussion around this has been highly politicized and my note merely tries to put quantified elements on the table.

Image Courtesy: Wikipedia

A quick summary of the attached paper:
  • A National Infrastructure Bank is just one of several possible instruments in the toolbox of policy makers. On its own, it is unlikely to reverse the steep decline in municipal bond emissions which remain the primary capital market for infrastructure funding in the US. Significantly, the Bank’s mandate and project size requirements all but exclude maintenance of existing assets.
  • Comparisons with other Government Sponsored Enterprises (such as Fannie Mae and Freddie Mac) appear largely unwarranted on account of multi-layered risk provisions and the Authority’s one-way relation with the capital markets (it can sell to them, but not borrow from them).
  • The Authority complements rather than competes with State Infrastructure Banks for large-scale project funding. SIBs are currently too diverse in size and scope to offer a funding framework commensurate with the country’s infrastructure challenges. Bringing them up to speed across 32 States – and establishing them in 18 others – would take at least as long as creating a new Federal entity. As with the existing SIBs, the Authority’s ability to leverage infrastructure investment would greatly increase were it authorized to recycle project loan repayments (including interest and fees) into new credit.
  • An independent Infrastructure Financing Authority is superior in almost every respect to the TIFIA loan program or its Department of Energy counterpart. Through independent project evaluations and innovative financing instruments, AIFA has a far greater ability to tap into a pool of private infrastructure funds worth over USD 200 billion. However, TIFIA’s budget authority can and should be increased for a transitory period while AIFA is ramped up and made fully operational.
  • At present, too few surface transportation projects are candidates for AIFA funding as they do not rely on user-based charging mechanisms. This restriction could be lifted altogether, amended to incorporate other PPP arrangements (e.g. shadow tolls) or garnished with a companion Bill to extend tolling options to the interstate highway system.
  • EIB offers a convincing compromise between macroeconomic policy objectives and CBA-based project funding decisions. There is nothing intrinsically wrong in tasking AIFA with a mandate to enhance economic competitiveness, mitigate environmental damage and enhance public health. However, individual project decisions must be insulated from political arbitrations and unnecessary Federal requirements, such as “buy America” or wage determination clauses.
  • To ensure a shorter phase-in time and a greater degree of private investor interest, AIFA’s official mandate should be extended to include the provision of knowledge dissemination and advisory services to borrowers through a dedicated project preparation facility.
  • Although less easily quantified, establishing an Infrastructure Financing Authority will add a new, independent voice on national infrastructure needs and send a strong signal to private sector investors.

Note: Brendan Halleman is a Project Consultant – Communications & Knowledge Management and has extensive experience in the transportation industry.  Check out his profile http://www.linkedin.com/in/bhalleman. All opinions expressed in this guest post are those of the author’s and do not necessarily reflect the positions of www.Transportgooru.com.

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