CN-550000-ASG35-A0010400.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 agreement involves a state-funded loan for a transportation infrastructure project, with a Catalog of State Financial Assistance (CSFA) number of 55.020 and a Contract Number of ASG35. The loan is structured under Section 339.55 of Florida Statutes, which enables the Department to make loans to governmental units and private entities for transportation-related improvements.

The loan provides $25,906,001.00 to fund work on the Jacksonville harbor ship channel deepening project, specifically 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 is intended to widen and deepen the federal navigation channel from its current authorized depth of 40 feet to 47 feet, approximately near La Baron Island. The project includes environmental, design, and construction work such as channel deepening, stabilization, widening, construction inspection, surveys, and water quality protection structures. The loan will be repaid through pledged revenues from the Strategic Intermodal System Growth Management Funds and other specified transportation-related funds.