The U.S. Department of Transportation (DOT) will make available more than $63.9 billion in multimodal discretionary and formula transportation investments by the end of fiscal year 2018.
DOT will also make available $1.6 billion in FY 2017 discretionary funds.
The investments and funds are part of the department’s goal of addressing the nation’s long-awaited infrastructure issues and using seed money to encourage additional infrastructure investment by states, localities and private sector partners.
In the past six months, DOT has awarded $5.8 billion in discretionary grants for fiscal years 2017 and 2018, announced $7.8 billion in discretionary grant availability and distributed $56.2 billion in formula funds.
Other investments DOT has made through its grant programs include highway development, which is receiving funding through the Better Utilizing Investments to Leverage Development and Infrastructure for Rebuilding America programs. Highways can also receive a share of the $225 million in Competitive Highway Bridge Program (CHBP) grants for highway bridge projects.
Also through DOT funding, the Federal Transit Administration will be selecting 139 projects in 52 states and territories to receive $264 million in funding from the Buses and Bus Facilities Infrastructure Investment Program.
Additionally, the Federal Railroad Administration will issue $568 million under the Consolidated Rail Infrastructure and Safety Improvements program, $203 million supported Positive Train Control implementation.