WASHINGTON, D.C. – The U.S. Department of Transportation (DOT) recently announced the availability of $1.5 billion to fund investments in road, rail, transit, intermodal and port projects that will have a significant impact on the nation. This funding falls under the new Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants, which replaced the Transportation Investments Generating Economic Recovery (TIGER) program.
Funds for the fiscal year (FY) 2018 BUILD grants program are to be awarded on a competitive basis. The Consolidated Appropriations Act of 2018 specifies that BUILD grants may not be less than $5 million and not greater than $25 million, except that for projects located in rural areas the minimum grant size is $1 million.
To address rural transportation infrastructure needs, the U.S. DOT intends to award a greater share of BUILD funding to projects located in rural areas.
Applications are due July 18, 2018.
Read the Notice of Funding Opportunity here.