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USDOT says FASTLANE grants will leverage $3.6 billion for transportation infrastructure improvements

Updated Sep 14, 2016

Traffic in a work zoneThe U.S. Department of Transportation says the first Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) Grants, totaling close to $800 million, will leverage roughly $3.6 billion in transportation infrastructure projects when added to other funding sources from local governments and private sources.

The FASTLANE Grants were officially announced last week for 18 projects in 15 state and the District of Columbia, although senators from the various locations receiving the grants made announcements of their local projects in the weeks leading up to the USDOT announcement.

“The FAST Act gave us a set of tools to begin addressing America’s infrastructure deficit, and we have been moving full speed ahead to get critical road, rail, and port projects off the ground across the country,” says Transportation Secretary Anthony Foxx. â€śFrom eliminating traffic bottlenecks and enhancing port capacity to overhauling a major freight corridor, the 18 inaugural FASTLANE grants will enable people and goods to move more efficiently.”

Last year’s FAST Act established the grant program and is administered by the USDOT’s Build America Bureau (BAB), which is designed to streamline credit and grant opportunities for transportation projects, as well as provide technical assistance and encouragement to innovation in completing such projects.

“The Build America Bureau brings together FASTLANE grants, credit programs like TIFIA and RRIF, and technical support into a one-stop-shop designed to get infrastructure projects funded and built,” says Andrew Right, BAB acting director.

The list of projects receiving the FASTLANE Grants for fiscal year 2016 include:

Interstate 10 Phoenix to Tucson Improvements
Arizona Department of Transportation
Pinal County, ArizonaRural
Amount: $54,000,000