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USDOT Solicits Freight Projects for New Grant Program

March 03, 2016
Freight, News, News Homepage

The U.S. Department of Transportation has announced a new discretionary freight grant program, called the Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) program. This program was authorized under the Nationally Significant Freight and Highway Projects program of the Fixing America’s Surface Transportation (FAST) Act passed in December 2015. A total of $800 million is available, with 25 percent reserved for rural projects (majority of the project’s funding would be spent in an area outside an urbanized area with a population of over 200,000) and 10 percent reserved for small projects (with a total project cost of less than $100 million for most states). The grant award must not exceed 60 percent of eligible project costs. Eligible projects include highway projects as well as grade separation, rail, water, or intermodal facility projects, although the funds used for non-highway modes are limited by statute. The application period will open on on March 15. Applications are due April 14. View the Notice of Funding Opportunity here. The agency plans to schedule webinars on the new program, to be announced here.