Resource Details
Transportation
State Infrastructure Bank (SIB) Program
The SIB has total assets of approximately $3 million, a portion of which is available for new loans at any particular time. An estimated $200,000 – $300,000 are made available for new loans each year from the repayment of existing loans. Loans are made at market interest rates unless a hardship exists, in which case a reduced rate may be granted by the Secretary of the Wisconsin Department of Transportation (WisDOT).
Eligibility
A county, city, village, town or other government entity, a private non-profit organization that is sponsored by an eligible community, or a Transit Commission may apply.
Top Benefits
- Competitive loan and credit options to help communities finance eligible transportation projects
- Applications are accepted on a continual basis
- Loans are considered on a first-come, first-served basis, subject to available funds.
Related Resources
Transportation
The Local Road Improvement Program (LRIP)
Wisconsin Department of Transportation
Established in 1991, the Local Roads Improvement Program (LRIP) assists local governments in improving seriously deteriorating county highways, town roads, and city and village streets. LRIP is a reimbursement program which pays up to 50% of total eligible costs, with local governments providing the balance.