Nearly $500 million in TIGER for safety and economic opportunityStaff Writer | July 30, 2016
U.S. Transportation Secretary Anthony Foxx said nearly $500 million will be made available for transportation projects in the eighth round of the Transportation Investment Generating Economic Recovery (TIGER) grant program.
Investment U.S. Transportation Secretary Foxx announced:
The highly competitive TIGER grant program supports innovative projects, including multi-modal and multi-jurisdictional projects, which are difficult to fund through traditional federal programs.
This year’s awards focus on capital projects that generate economic development and improve access to reliable, safe and affordable transportation for communities, both urban and rural.
Since 2009, the TIGER grant program has provided a combined $5.1 billion to 421 projects in all 50 states, the District of Columbia, Puerto Rico, Guam, the Virgin Islands, and tribal communities.
These federal funds leverage money from private sector partners, states, local governments, metropolitan planning organizations and transit agencies. The 2016 TIGER round alone is leveraging nearly $500 million in federal investment to support $1.74 billion in overall transportation investments.
Demand for the 2016 TIGER grant program continued to far exceed available funds; the DOT received 585 eligible applications from all 50 States, and several U.S. territories, tribal communities, cities, and towns throughout the United States, collectively requesting over $9.3 billion in funding.
During the previous seven rounds, the Department received more than 7,300 applications requesting more than $143 billion for transportation projects across the country. ■