U.S. Department of Transportation is soliciting applications for up to USD 850 million in Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) grants. The deadline for submitting applications is December 15, 2016.
The Act is to fund critical freight and highway projects across the US and has an authorized programme of USD 4.5 billion for fiscal years 2016 through 2020, including USD 850 million for FY 2017 to be awarded by the Secretary of Transportation.
In September, the Department announced the selection of 18 projects to receive USD 759 million in FASTLANE funding, leveraging USD 3.6 billion in funding from other federal, state, local, and private sources.
In the first call for FASTLANE grants, USDOT received 212 applications totaling nearly USD 9.8 billion for grants – with states and localities requesting over 13 times more funding than was available through FASTLANE – underscoring the continuing need for infrastructure investment across the country. Of the 212 applications received, 136 represented projects in urban areas, while the remaining 76 supported rural projects. The need to support projects improving the US freight system is also highlighted in the Department’s report, Beyond Traffic 2045: Trends and Choices, where freight volume is expected to grow to 29 billion tons—an increase by 45 percent by the year 2040.
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