DOT Announces $1.5B in Grants for Port, Road and Rail Projects
This week,, Secretary of Transportation Elaine Chao announced a package of 91 new infrastructure projects across the United States worth a combined $1.5 billion.
The Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants - previously known as TIGER grants - give DOT funds to invest in road, rail, transit and port projects. Congress has allocated more than $5 billion for nine competition rounds to fund projects that have a significant local or regional impact. Over $1 billion of the funding announced Tuesday will be distributed to 60 road projects, according to Secretary Chao; $165 million more will go to rail and $146 million will go to port projects, including facilities on America's inland waterways. The American Association of Port Authorities put the tally slightly higher, at $230 million for 14 port-related projects.
“We’re pleased that port-related projects garnered nearly a sixth of the total amount in this round of BUILD. The $229-plus million in port-related awards will help leverage nearly $412 million in total project costs," said AAPA CEO Kurt Nagle in a statement Tuesday. “Projects that aid the movement of goods through America’s ports should be a high priority for these federal grants, and port-related projects should be among the leading candidates."