### Question
How does INFRASTRUCTURE FINANCE define eligible project costs?


### Answer
Under *23 U.S.C. § 601*, **eligible project costs** is defined as:

> amounts substantially all of which are paid by, or for the account of, an obligor in connection with a project, including the cost of—


(A) development phase activities, including planning, feasibility analysis, revenue forecasting, environmental review, permitting, preliminary engineering and design work, and other preconstruction activities

#### Citation:
  - *23 U.S.C. § 601*
  - Heading: **CHAPTER 6-INFRASTRUCTURE FINANCE**

