Thursday, September 05, 2013

TIGER V grants $474 million to 52 projects in 37 states

TIGER V grants $474 million to 52 projects in 37 states FRA Facebook

Fifty-two transportation projects in 37 states will receive a total of approximately $474 million from the U.S. Department of Transportation's (USDOT) Transportation Investment Generating Economic Recovery (TIGER) grant program. Among these, $146 million will help fund rail projects.

 

"These transformational TIGER projects are the best argument for investment in our transportation infrastructure," said U.S. Transportation Secretary Anthony Foxx. "Together, they support President Obama's call to ensure a stronger transportation system for future generations by repairing existing infrastructure, connecting people to new jobs and opportunities and contributing to our nation's economic growth."

The highly competitive TIGER program offers one of the only federal funding possibilities for large, multi-modal projects that often are not suitable for other federal funding sources. These federal funds leverage money from private sector partners, states, local governments, metropolitan planning organizations and transit agencies. The 2013 TIGER round alone supports $1.8 billion in overall project investments.

The projects funded through this round of TIGER illustrates the Obama administration's goals of creating "Ladders of Opportunity," the need for a "Fix it First" approach to infrastructure and contributing to America's economic growth.

A full list of TIGER grants can be found on the USDOT's TIGER website.

Under all five rounds combined, the TIGER program has provided more than $3.6 billion to 270 projects in all 50 states, the District of Columbia and Puerto Rico.

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