CN-550000-ASG35-A0010500.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 is dated August 1, 2019, and involves a state-funded loan through the State Infrastructure Bank program, with a Catalog of State Financial Assistance (CSFA) number of 55.020 and a Contract Number of ASG35.

The loan is for $25,906,001.00 to finance a project to widen and deepen 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 no interest will accrue on the principal amount. The project involves dredging the federal navigation channel from its current authorized depth of 40 feet to 47 feet, approximately near Buck Island, and includes environmental, design, and construction work such as channel deepening, stabilization, widening, construction inspection, debris removal, and water quality protection structures. The loan proceeds will be used to fund a Public Transportation Grant Agreement dated July 23, 2019, between the borrower and the Jacksonville Port Authority.