Transportation

Funding Overview:

The Bipartisan Infrastructure Law also contains significant new funding for roadways, bridges, and other major projects funded by the Federal Highway Administration and the U.S. Department of Transportation (USDOT). Highlights include:

• A total of $40 billion in dedicated funding for bridges. This funding includes $12.5 billion for the Bridge Investment Program, which is a competitive program to replace, rehabilitate, preserve, or protect some of the nation’s most important and economically significant bridges. The rest of the funds fall under the Bridge Formula Program, which provides formula funding to States to replace, rehabilitate, preserve, protect, and construct bridges on public roads.
• $8 billion for the Infrastructure for Rebuilding America (INFRA) Program, which supports freight and highway projects of regional and national significance.
• $7.5 billion for Rebuilding American Infrastructure Sustainably and Equitably (RAISE) grants—a competitive grant program (formerly BUILD and TIGER) which provides funding for road, rail, transit, and other surface transportation of local and/or regional significance. Selection criteria includes safety, sustainability, equity, economic competitiveness, mobility, and community connectivity.
• $5 billion for the National Infrastructure Project Assistance or “Megaprojects.” This program—sometimes referred to as the “Megaprojects program” or MEGA —provides grants on a competitive basis to support multijurisdictional or regional projects of significance that may also cut across multiple modes of transportation. Communities are eligible to apply for funding to complete critical large projects that would otherwise be unachievable without assistance.