CN-550000-ASK09.pdf

This document is a State Infrastructure Bank (SIB) Loan Agreement between the State of Florida, Department of Transportation, and the Florida Department of Transportation, District VII. The agreement was established under the Transportation Equity Act for the 21st Century and a State Infrastructure Bank Cooperative Agreement involving the Federal Highway Administration, Federal Transit Administration, and Federal Railroad Administration.

The loan is for the Gateway Expressway Project located in St. Petersburg/Clearwater, Pinellas County, Florida, with a total loan amount of $91,785,710.00. The project involves constructing a new four-lane elevated tolled expressway, including connections from US 19 to west of I-275, reconstruction of the Bayside Bridge, and adding express lanes on I-275. The loan will be disbursed across multiple fiscal years (2017-2023) with a 0.00% financing rate, and the funds are designated for capital improvement of transportation infrastructure. The pledged revenues for loan repayment include Advance Construction National Highway Performance Program Federal Funds and Statewide Inter/Intrastate Construction State Funds allocated under specific financial project identifiers.