(Source: U.S. Department of Transportation press release, October 10, 2018)
WASHINGTON, D.C. — By the end of the 2018 fiscal year (FY 2018), the U.S. Department of Transportation (USDOT) made available more than $63.9 billion in FY 2018 multi-modal discretionary and formula transportation investments and $1.6 billion in FY 2017 discretionary funds. This marks a significant step forward in funding the Administration’s ambitious infrastructure goals.
The Department is committed to revitalizing America’s infrastructure using federal dollars as seed money to encourage additional infrastructure investment by states, localities and private sector partners. Utilizing significantly increased levels of appropriations from Congress in the March 2018 omnibus funding bill, more investment is reaching areas and projects with the greatest impact.
Additionally, historic investment through DOT’s programs in FY 2018 has begun to address the long-awaited infrastructure needs of rural communities, streamlined project delivery, and invested in transformative projects that benefit all Americans.
The Department has released Notices of Funding Opportunity (NOFOs) for nearly 90% of the funding from FY 2018 to solicit applications, and many have been closed or awarded. Overall, the Department has made an unprecedented infrastructure investment in America by making available more than $65.5 billion for key projects this year.
In just six months, the Department of Transportation has:
• distributed the entire $56.2 billion in formula funds from FY 2018;
• announced $7.8 billion in discretionary grant availability from FY 2018;
• and awarded $5.8 billion in FY 2017 and FY 2018 discretionary grants to specific recipients.
Major grant programs including Infrastructure for Rebuilding America (INFRA), Better Utilizing Investments to Leverage Development (BUILD, (formerly Transportation Infrastructure Generating Economic Recovery, or TIGER)), and the Airport Improvement Program (AIP) are examples of DOT programs fulfilling these objectives.
A list of DOT grant programs can be found at the link above.