; and (B) excluding administrative costs and any incidental effects on governmental receipts or outlays in accordance with the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661 et seq.). (16) Substantial completion The term substantial completion , with respect to a project, means the date— (A) on which the project commences transportation of carbon dioxide; or (B) of a comparable event to the event described in subparagraph (A), as determined by the Secretary and specified in the project credit agreement. 999B. Determination of eligibility and project selection (a) In general The Secretary shall establish and carry out a carbon dioxide transportation infrastructure finance and innovation program, under which the Secretary shall provide Federal credit instruments and grants for eligible projects in accordance with this subtitle. (b) Eligibility (1) In general A project shall be eligible to receive credit assistance and a grant under the CIFIA program if— (A) the entity proposing to carry out the project submits a letter of interest prior to submission of a formal application for the project; and (B) the project meets the criteria described in this subsection. (2) Creditworthiness (A) In general Each project and obligor that receives credit assistance or a grant under the CIFIA program shall be creditworthy, such that there exists a reasonable prospect of repayment of the principal and interest on the Federal credit instrument, as determined by the Secretary. (B) Considerations In determining the creditworthiness of a project or obligor for purposes of this paragraph, the Secretary shall take into consideration relevant factors, including— (i) the terms, conditions, financial structure, and security features of the applicable proposed financing; (ii) the dedicated revenue sources that will contribute to the project obligations; (iii) the financial assumptions on which the project is based