Niagara International Transportation Technology Coalition

NITTEC Revolving Loan Fund

An innovative mechanism developed to achieve the goals and objectives of NITTEC in Western New York and Southern Ontario, the Revolving Loan Fund has been capitalized by a $5 million Federal Aid Grant.


To be eligible for RLF funding, you must be a participating NITTEC Member Agency or sponsored by a NITTEC Member Agency, and the project must

  • Support the mission/vision of NITTEC
  • Have a sound fiscal repayment plan
  • Have a member partner/sponsor
  • Have an implementation plan that addresses Operations and Maintenance issues
  • Have a service life that exceeds the term of the loan


Project selection will be made based on the following criteria:

  • Improve transportation mobility
  • Improve safety
  • Improve operations
  • Improve international mobility
  • Improve air quality
  • Compatibility with regional systems/partners
  • Contains ITS elements
  • Innovativeness
  • Positive benefit/cost ratio
  • Rate of return of loan funds
  • Contains marketing/public relations outreach plan
  • Leveraging of funds
  • Public/private partnership


The Revolving Loan Fund is available year-round.  The borrowing interest rate will be a fixed rate equal to 75% of the previous month-end's prevailing U.S. Treasury note rate or otherwise authorized by the Board of Directors.  To learn more about project selection criteria and how to apply for a loan, call 716.847.2450.