Trade Resources Market View Obama:$600 Million Make Available to Fund Transportation Projects Across The Country

Obama:$600 Million Make Available to Fund Transportation Projects Across The Country

US Transportation Secretary Anthony Foxx joined President Barack Obama Wednesday to announce that $600 million will be made available to fund transportation projects across the country under a sixth round of the US Department of Transportation’s Transportation Investment Generating Economic Recovery (TIGER) competitive grant program.

The TIGER 2014 grant program will place an emphasis on projects that support reliable, safe and affordable transportation options that improve connections for both urban and rural communities, making it easier for their residents to reach work, school and other ladders of opportunity. While continuing to support projects of all types, DOT will prioritize applications for capital projects that better connect people to jobs, training and other opportunities, promote neighborhood redevelopment and reconnect neighborhoods divided by physical barriers, such as highways and railroads.

In additional to supporting capital grants, Congress has provided DOT with the flexibility to use up to $35 million of TIGER funds for planning grants, the first time since the 2010 round. In addition to supporting the planning of innovative transportation, these funds can support regional transportation planning, freight and port planning and programmatic mitigation approaches that increase efficiency and improve outcomes for communities and the environment.

Since 2009, the TIGER program has awarded $3.5 billion to 270 projects in all 50 states, the District of Columbia and Puerto Rico – including 100 projects to support rural communities.

Source: http://www.steelorbis.com/steel-news/latest-news/us-dot-announces-600-million-in-transportation-funding-815031.htm
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US Dot Announces $600 Million in Transportation Funding
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