Tuesday, January 31, 2023 Contact: pressoffice@dot.gov
President Biden Announces First of its Kind Infrastructure Investment for Nine Nationally Significant Mega Projects New Mega Grant program, created by the President's infrastructure law will bring massive economic benefits to communities across the nation. NEW YORK – Today, President Biden and Transportation Secretary Pete Buttigieg announced that the Biden-Harris Administration has awarded nearly $1.2 billion from the new National Infrastructure Project Assistance (Mega) discretionary grant program for nine projects across the country. These projects will create good-paying jobs, grow the economy, strengthen supply chains, improve mobility for residents, and make our transportation systems safer for all users. "From the Hoover Dam to the Golden Gate Bridge, some infrastructure projects are so large and complex that they defy traditional funding systems—and so significant that they become iconic parts of the American landscape," said U.S. Transportation Secretary Pete Buttigieg. "After receiving over one hundred applications, we are proud to fund these nine infrastructure megaprojects across the country to create jobs, strengthen our supply chains, expand our economy, and renew America's built landscape." This year's selected projects include:
The Mega grant program, created by President Biden's historic infrastructure law, funds projects that are too large or complex for traditional funding programs. Eligible projects include highway, bridge, freight, port, passenger rail, and public transportation projects that are a part of one of the other project types. The Mega program will invest a total of $5 billion through 2026 to help rebuild the United States' infrastructure for the benefit of Americans now and for generations to come. For this application cycle specifically, the U.S. Department of Transportation received applications requesting approximately $30 billion in funding, far exceeding the $1 billion of funding available in 2022. Applications were evaluated based on several criteria, including safety, ability to return transportation infrastructure to a state of good repair, economic benefits like the creation of quality jobs, supply chain resiliency, environmental sustainability and climate resiliency, equity, and innovation. The Department also evaluated applications based on project readiness and cost-effectiveness. Additionally, thanks to a new, streamlined application process, applicants for the Mega program were also able to use the same application for two additional grant programs: the Rural Surface Transportation Grant program (Rural) and the Infrastructure for Rebuilding America program (INFRA). The Department announced INFRA and Rural awards in September and December of 2022, respectively. For more on INFRA award recipients, click HERE. For more information about the Rural project awards, click HERE. More information about the combined Multimodal Project Discretionary Grant funding opportunity and the Mega program is available HERE. ### |
President Biden Announces First of its Kind Infrastructure Investment for Nine Nationally Significant Mega Projects
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