TIGER Funding: Updates on Grants and Funding

The Department of Transportation on Tuesday, February 23, 2016, declared $500 Million in funding for Tigaer Fundingtransportation projects across the country. This will be the Eighth Round of the Transportation Investment Generating Economic Recovery (TIGER) Funding, a competitive grant program that funds vital transportation projects that provide real benefits to communities all across the country.

The 2016 TIGER grant program like all precursor programs, will make significant surface transportation investments by providing improvements over existing conditions. The grant program will focus on capital projects that generate economic development and improve access to reliable, safe and affordable transportation for communities, both urban and rural.

Since its inception in 2009, TIGER has provided nearly $4.6 billion to 381 projects in all 50 states. The Department has seen an overwhelming response over the last seven rounds, with over 6,700 applications requesting more than $134 billion for transportation projects across the country. This programs main objective is to supports innovative projects, including multi-modal and multi-jurisdictional projects, which are difficult to fund through traditional federal programs. These federal funds leverage money from private sector partners, states, local governments, metropolitan planning organizations, ports, and transit agencies. The year 2015 alone saw a massive $500 million in federal investment to support $1.4 billion in overall transportation investments. For more information on how to apply, please visit www.transportation.gov/TIGER.

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