From: Department of Transportation <usdot@public.govdelivery.com>
Date: Thu, May 15, 2014 at 11:06 AM
Subject: Strong Demand for TIGER Grants Highlights Continued Need for Transportation Investment
To: iammejtm@gmail.com
DOT 43-14
Strong Demand for TIGER Grants Highlights Continued Need for Transportation Investment WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced that applications to the U.S. Department of Transportation for its sixth round of Transportation Investment Generating Economic Recovery (TIGER) grants totaled $9.5 billion, 15 times the $600 million set aside for the program, demonstrating the continued need for transportation investment nationwide. The Department received 797 eligible applications, compared to 585 in 2013, from 49 states, U.S. territories and the District of Columbia.
The announcement comes weeks after Secretary Foxx unveiled the GROW AMERICA Act, a four-year surface transportation reauthorization bill that would create millions of jobs and lay the groundwork for long-term economic competitiveness.
"These applicants confirm what I saw as I traveled through eight states and 13 cities as part of my Invest in America, Commit to the Future bus tour last month – America is hungry for infrastructure investment," said Secretary Foxx. "The continued overwhelming demand for these grants demonstrates that communities want the kind of long-term funding our GROW AMERICA Act provides to build transportation projects across the country."
The proposed GROW AMERICA Act authorizes $5 billion over four years for much-needed additional TIGER funding to help meet the overwhelming demand for significant infrastructure investments around the country and provide the certainty that states and local governments need to properly plan for investment. The highly competitive TIGER program, which began as a part of the American Recovery and Reinvestment Act, offers federal funding possibilities for large, game-changing multi-modal projects. These federal funds leverage money from private sector partners, state, local governments, metropolitan planning organizations and transit agencies. The $474 million awarded under TIGER 2013 supported $1.8 billion in overall project investments. Congress provided the most recent funding as part of the bipartisan Consolidated Appropriations Act, 2014, signed by President Obama on January 17, 2014. Since 2009, the TIGER program has provided $3.5 billion to 270 projects in all 50 states, the District of Columbia and Puerto Rico – including 100 projects to support rural and tribal communities. Demand for the program has been overwhelming, and during the previous five rounds, the Department of Transportation received more than 5,300 applications requesting more than $115 billion for transportation projects across the country.
# You are subscribed to DOT News for Department of Transportation. This information has recently been updated, and is now available.
| |||||||||||||||||
Jeremy Tobias Matthews
No comments:
Post a Comment