Provider
PennDOT
Application Deadline
June 30, 2026
Summary
The Pennsylvania Infrastructure Bank (PIB) is a PennDOT program that provides low-interest loans to help fund transportation projects within the Commonwealth. The goal of the PIB is to leverage state and federal funds, accelerate priority transportation projects, spur economic development and assist local governments with their transportation needs.
The maximum term of a PIB loan is 10 years. The PIB can fund up to 100% of the project. The interest rate is set at 1/2 half of the prime federal lending rate when a complete application is received by PennDOT. That federal rate is 7.0% now meaning the PIB interest is 3.5%. Emergency projects usually qualify for 0% interest loans; just submit the necessary PEMA/FEMA paperwork. Decisions are made on a case by case basis.
Borrowers may include cities, boroughs, townships, counties, school districts, authorities, commissions, economic development agencies, public use airports, railroads, private for-profit and not-for-profit corporations, and any other entity constructing an eligible project.
Common Eligible Projects
Aviation
- Runway, taxiway, apron, terminal, and hangar construction
- Land acquisition, equipment procurement, and obstruction removal
- Access roads
- Airport lighting
Highway/Bridge
- Road construction, resurfacing, and preservation
- Bridge rehabilitation and replacements
- Traffic signals and signal upgrades
- Drainage structures
- Stormwater management
- Municipal roadway and bridge maintenance equipment
- Complete streets
- Intermodal facilities
Rail Freight
- Rail track improvements
- New sidings
- Rail/street crossings
- Rail bridges and infrastructure
Transit
- Capital purchases
- Buildings
- Intermodal facilities
More Information
https://www.pa.gov/grants/search/grant-details/penndot/1
