ices for movement within the region, and to other re-
gions; 
(3) identify infrastructure needs and priorities 
for mega-regions, with input from the American So-
ciety of Civil Engineers, and other trade, business, 
and industrial associations; 
(4) develop regional economic accelerator plans, 
and a pipeline of infrastructure projects, and their 
strategic placement, needed to improve supply 
chains, land use, and productivity within each mega- 
region, while seeking to include all communities; 
(5) define how such projects will create energy 
savings, environment improvements, jobs and wage 
improvements, 
regional 
economic 
growth, 
and 
growth in regional tax income; 
(6) identify where multijurisdictional agree-
ments should be enacted or strengthened to improve 
the development of infrastructure projects that cross 
jurisdictional lines (examples are transportation im-
provements along the northeast corridor, flood miti-
gation, water management to relieve drought condi-
tions in Southwestern States, or development of a 
national high-speed rail grid); 
(7) identify where Federal, State, or local laws 
and regulations should be streamlined to reduce in-
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frastructure project costs and approval times, while 
maintaining environmental and safety objectives, 
and work towards streamlining those laws and regu-
lations; 
(8) seek public input on the broad outlines of 
each regional infrastructure development plan; 
(9) provide such plans to the Bank, to inform 
the Bank on its selection of infrastructure projects 
for financing; and 
(10) assist entities formulating and submitting 
projects for consideration of Bank financing on the 
definition, scope, selection criteria, and others fac-
tors under section 205 that will be considered in the 
approval process. 
SEC. 205. ELIGIBILITY CRITERIA FOR ASSISTANCE FROM 
THE BANK. 
(a) IN GENERAL.—Financial assistance shall be 
available from the Bank when the entity applying for such 
assistance has demonstrated to the satisfaction of the 
Board that the project for which such assistance is being 
sought meets the requirements of this Act. Any entity pro-
posing a project for which the use or purpose is private, 
and without public benefit, shall not be eligible for finan-
cial assistance from the Bank under this Act, except as 
provided in subsection (d)(1)(L). 
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(b) APPLICANTS.—The Bank shall accept applica-
tions for infrastructure projects for the designation of 
those projects that may receive financial assistance under 
this section for any infrastructure project having— 
(1) a public sponsor; and 
(2) local, regional, or national significance. 
(c) 
GUIDELINES
FOR
INFRASTRUCTURE 
PROJECTS.—The Executive Committee and the Board 
shall establish standard operating procedures, and develop 
online application procedures, to assist applications of in-
frastructure projects under this section to develop applica-
tions for financial assistance under this section. 
(d) CRITERIA.— 
(1) IN GENERAL.—In making a determination 
as to whether to provide an infrastructure project 
with financial assistance, the Board shall evaluate 
and rate each applicant based on the factors appro-
priate for the type of the proposed infrastructure 
project, including— 
(A) consistency of the project with a re-
gional infrastructure development plan that 
builds economic connectivity in the project area 
and beyond, so that maximum growth is 
achieved while leaving no community behind; 
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(B) a life-cycle projection of the benefits, 
as compared to costs, of the project, that incor-
porates the factors in subparagraphs (C) 
through (N) of this paragraph; 
(C) promotion of economic growth, includ-
ing private sector-led growth associated with 
the project; 
(D) job creation, including fair and respon-
sible employment practices, and a workforce de-
velopment to train workers in new skills, includ-
ing by union apprentice programs to train new 
hires; 
(E) a preference for projects in areas of 
high unemployment, or disadvantaged commu-
nities, including a workforce development plan 
to train workers in new skills and connect them 
with job openings financed by the Bank; 
(F) environmental and public health bene-
fits including the reduction in greenhouse gases, 
and water and air pollution, and the removal of 
lead and other hazardous materials; 
(G) a demonstrated ability to contract for 
design, construction, operation, and mainte-
nance of the infrastructure project throughout 
its estimated useful life, including by defining 
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project objectives and utilizing performance- 
based monitoring; 
(H) an understanding of the strategic im-
portance of bundling projects, correctly sizing 
projects, and adopting value design and pro-
curement procedures, so as to realize long-run 
cost savings from ‘‘dig, build, expand, or im-
prove only once’’; 
(I) an understanding of the importance of 
innovative and state-of-the-art technologies that 
achieve project reliability, efficiency, resiliency, 
sustainability, security, and public safety; 
(J) in cases where infrastructure is pub-
licly or privately owned, a preference for 
projects that leverage Federal, State, local, and 
private financing, including public-private part-
nerships, or where companies can show that the 
additional capital could not be obtained from 
commercial sources; 
(K) a consideration of the costs and bene-
fits of preserving and repurposing existing in-
frastructure, in particular to mitigate against 
unemployment and bolster manufacturing in 
the United States; 
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