State Infrastructure Bank (SIB)
State Infrastructure Bank (SIB) supports Michigan public entities by financing transportation projects with urgent funding needs, helping them move projects forward alongside traditional funding sources.
Funder: Michigan Department of Transportation
Due Dates: Not stated
Funding Amounts: Loans for eligible transportation projects
Summary: Michigan’s State Infrastructure Bank provides loans to help eligible public entities meet urgent transportation project-financing needs.
Key Information: Only Act 51-eligible public entities can apply directly.
Description
The Michigan Department of Transportation’s State Infrastructure Bank (SIB) is a loan program for eligible transportation projects in Michigan. It complements traditional funding sources when a project has urgent financing needs.
The program is open to public entities eligible under Act 51 of the Public Acts of 1951, as amended. Other public and private entities cannot borrow directly, but may be able to work with an eligible borrower to finance a project.
