FASTLANE Grant Program Awardees Announced
Posted @ Friday, July 08, 2016 By Heidi Schott
Posted in [ Blog, Transportation, Grants ] | 0 Comments
This week, the U.S. Department of Transportation (USDOT) notified the House Transportation and Infrastructure and Senate Environment and Public Works committees that it intends to award a total of $759.2 million to 18 transportation projects under its newly created “FASTLANE” grant program. The projects selected range in size from $5 million to upgrade an interchange in a Seattle suburb to $165 million for a series of multimodal improvements to the I-95 corridor in Northern Virginia.
Demand for the first round of FASTLANE was high, with DOT receiving 212 applications requesting a total of $9.8 billion, more than 10 times the available amount. Ultimately, DOT was only able to award 8% of the applications.
The FASTLANE grant program supports nationally significant highway, bridge and freight projects. There will be a 60-day review period before the agency can issue the awards. Learn more about the selected projects here.