Pennsylvania Infrastructure Bank (PIB)
In plain English
The Pennsylvania Infrastructure Bank provides low-interest loans (not grants) to municipalities, counties, and private entities to help fund transportation projects. Loans can cover up to 100% of a project with terms up to 10 years; the interest rate is half the prime federal lending rate (about 3.5% currently), and qualifying emergency projects may get 0% interest. Decisions are case-by-case. The deadline shown is June 30, 2026.
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- Deadline
- Jun 30, 2026
- Posted
- Jul 1, 2025
- Award amount
- Amount not specified
- Focus areas
- Transportation
Who can apply
Municipality; Other Legal Entity; Business — Municipalities; Counties; Private entities
About this grant
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. Pennsylvania has a low interest loan program for transportation projects. PennDOT's program, The Pennsylvania Infrastructure Bank (PIB) program provides low interest loans for Transportation projects. The maximum term of a 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.
Source: public records via Grants.gov. UseGrants is an independent aggregator, not affiliated with any funding agency. Always confirm details on the official listing before applying.