DOT to provide $1.5 billion for hard-to-fund transportation projects

Grant applications are due Feb. 28. DOT will announce the recipients no later than June 28.

The U.S. Department of Transportation will provide $1.5 billion in funding for transportation projects that have significant local or regional impact and improve safety and equity, according to a press release on Thursday.

The department will provide the funding through the Rebuilding American Infrastructure with Sustainability and Equity discretionary grant program, known as RAISE, allowing local and state governments to get financial support for transportation projects that other DOT programs usually do not fund. The department will consider several factors, including environmental sustainability and economic competitiveness, when making funding decisions. 

The investments “will help communities across the country modernize their transportation,” Transportation Secretary Pete Buttigieg said in a statement.

RAISE grant applications are due Feb. 28. The department will announce the grant recipients no later than June 28.

Read the full article here.