U.S. Department of Transportation Announces $4.9B in Infrastructure Project Funding
More than $4.9 billion in funding for 37 infrastructure projects by the U.S. Department of Transportation. The funding comes from the National Infrastructure Project Assistance (Mega) grant program and the Infrastructure for Rebuilding America (INFRA) grant program, both part of Bipartisan Infrastructure Law.
“With this announcement, we are advancing projects so large, complex, and ambitious that they could not get funded under the infrastructure programs that existed prior to the Biden administration,” U.S. Transportation Secretary Pete Buttigieg said. “Our INFRA and Mega programs are helping build the cathedrals of American infrastructure: truly transformative projects that will change entire regions and our entire country for the better.”
According to Transportation Today, The Mega program will provide funding for 11 projects that are large, complex and difficult to fund under traditional grant programs. Officials said the projects will generate national and regional economic, mobility and safety benefits. The INFRA program, will invest in 28 large scale, transformational infrastructure projects, that will improve safety, efficiency and reliability for the movement of freight and people, officials said. More than half of the projects are being funded are in rural communities.
Two projects received awards from both programs as part of the DOT’s commitment to invest in non-traditional, multimodal projects that have been neglected due to difficulties in funding them.
