As previously reported in Public Works Financing and elsewhere, the Bipartisan Infrastructure Law (aka IIJA) requires Value for Money (VfM) analysis (“or other comparable analysis”) in two circumstances:
- for federally-aided projects costing $500 million or more proposed as P3s, and
- for all projects costing $750 or more that plan to seek TIFIA or RRIF credit assistance.
Related Articles
May 2025
The Troubling Decline of Users-Pay/Users-Benefit
April 2025
Expanding Congested Highways: Revisiting “Induced Demand”
March 2025
A Fiscally Responsible Highways Reauthorization Bill
February 2025
Farewell to New York’s Cordon Charge System?
January 2025
Sustaining Transportation Infrastructure When the Free Money Runs Out
December 2024
Time to Expand Private Activity Bonds for P3s