CN-550000-ASG35-A0010300.pdf

This document is a State Infrastructure Bank (SIB) Loan Agreement between the State of Florida Department of Transportation and the State of Florida Department of Transportation, District II. The loan is state-funded and dated August 1, 2019, with a Catalog of State Financial Assistance (CSFA) number of 55.020 and a Contract Number of ASG35.

The loan provides $25,906,001.00 to fund a project involving the widening and deepening of the Jacksonville harbor ship channel under Contract B, Option A of the United States Army Corps of Engineers' Jacksonville Harbor Deepening project. The loan has a 0% financing rate and will be used to support work including dredging the federal navigation channel, environmental design and construction, channel stabilization, channel widening, surveys, and water quality protection structures. The loan will be repaid through pledged revenues from the Strategic Intermodal System Growth Management Funds, Intrastate Construction Funds, and Seaport Transportation and Economic Development Funds. The loan term is structured with disbursements planned across multiple fiscal years, with no interest accruing on the principal amount.