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U.S. DOT Provides More Than $63 Billion to Major Transportation Infrastructure Investments Across America in 2018

Oct 12th, 2018 | By | Category: Spotlight

By the end of the 2018 fiscal year (FY 2018), the U.S. Department of Transportation (USDOT) made available more than $63.9 billion in FY 2018 multi-modal discretionary and formula transportation investments and $1.6 billion in FY 2017 discretionary funds.

The Department is committed to revitalizing America’s infrastructure using federal dollars as seed money to encourage additional infrastructure investment by states, localities and private sector partners.  Utilizing significantly increased levels of appropriations from Congress in the March 2018 omnibus funding bill, more investment is reaching areas and projects with the greatest impact.

Additionally, historic investment through DOT’s programs in FY 2018 has begun to address the long-awaited infrastructure needs of rural communities, streamlined project delivery, and invested in transformative projects that benefit all Americans.

The Department has released Notices of Funding Opportunity (NOFOs) for nearly 90% of the funding from FY 2018 to solicit applications, and many have been closed or awarded. Overall, the Department has made an unprecedented infrastructure investment in America by making available more than $65.5 billion for key projects this year.

Source: U.S. DOT