Subsidy Available and Budget Request

Below you will find the Title XI’s available subsidy.

  • Approximately available subsidy for Title XI is $5 million as of September 2017.
  • This subsidy amount equates to approximately $63-64 million in loan guarantees at the average risk rating for projects MARAD has guaranteed over the last 10 years.
  • The subsidy amount varies by project default risk and is determined on a project by project basis.

Title XI Subsidy Funding History

President Budget (Requested) Enacted
FY 2018 $0 $0
FY 2017 ($5,000,000) $0
FY 2016 $0 $5,000,000
FY 2015 $0 $0
FY 2014 $0 $35,000,000
FY 2013 $0 $0
FY 2012 $0 $0
FY 2011 $0 $4,990,000
FY 2010 $0 $5,000,000
FY 2009 $0 $0
FY 2008 $0 $5,000,000
FY 2007 $0 $0
FY 2006 $0 $5,000,000
FY 2005 $0 $0
FY 2004 $0 $0
FY 2003 $0 $25,000,000
FY 2002 $0 $33,000,000
FY 2001 $2,000,000 $29,934,000
FY 2000 $6,000,000 $5,977,000