State and local governments could get a slice of up to $1.5 billion to complete critical freight and passenger transportation infrastructure projects, the Biden administration announced Thursday.
The U.S. Department of Transportation issued a notice of funding opportunity for the 2024 Rebuilding American Infrastructure with Sustainability and Equity, or RAISE, program. Earlier this year, it handed out $2.2 billion under the program to 162 major projects across the country…
A variety of road, transit, rail and trail projects are eligible for funding, which will be split evenly between projects in rural and urban areas. RAISE is the latest incarnation of the popular competitive grant program once known as TIGER. Funding for the grants was included in the 2021 bipartisan infrastructure law.
This year, individual projects received up to $25 million in grants to improve connections among different transportation modes, or to improve handling of freight.