USDOT Issues Funding Notice For $1B In Infrastructure Grants
Washington, D.C. – The U.S. Department of Transportation (USDOT) announced the availability of $1 billion in grants through the Better Utilizing Investments to Leverage Development (BUILD) program.
The USDOT issued a Notice of Funding Opportunity (NOFO) to apply for the discretionary funding in the Fiscal Year 2020 (FY20).
Grants are available for projects involving planning and capital investments in surface transportation infrastructure, which includes roads, bridges, transit, rail, ports, and intermodal transportation.
Funding will be awarded on a competitive basis that will consider which projects will have a significant local or regional impact.
Among the evaluation criteria are safety, quality of life, economic competitiveness, environmental sustainability, state of good repair, innovation, and partnerships.
The USDOT plans to award 50 percent of BUILD program funding to projects in rural areas, which may receive a minimum award of $1 million.
Projects in other areas are eligible to receive awards of at least $5 million and no greater than $25 million. Additionally, a single state cannot receive awards totaling more than $100 million. The deadline to apply is May 18.
