$500M Set for 2016 TIGER Grants

The U.S. Department of Transportation will have a $500 million pot of money to distribute this year in Transportation Investment Generating Economic Recovery grants.

It will be the eighth year in which TIGER grants have been awarded to fund capital investments in surface transportation infrastructure.

Tiger grantsThe grants are awarded on a competitive basis for projects determined to have a significant impact on the nation, a metropolitan area or a region.

DOT said in a news release that TIGER grants focus on capital projects that improve existing conditions, generate economic development and improve access to transportation in urban and rural communities.

Although the Consolidated Appropriations Act of 2016 does not provide dedicated funding for the planning, preparation, or design of capital projects, those activities may be funded as part of an overall construction project.

Since 2009, TIGER grants have totaled nearly $4.6 billion and funded 381 projects in all 50 states, the District of Columbia and Puerto Rico.

DOT said it has processed more than 6,700 applications requesting more than $134 billion for transportation projects.

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