The Federal Highway Administration (FHWA) recently allocated $61 billion in fiscal year 2024 apportionments to 12 formula programs.
“These historic investments in American infrastructure give states the flexibility they need to determine how to allocate funds for a range of transportation projects such as improving safety for all road users, replacing aging bridges, and reducing carbon emissions,” Federal Highway Administrator Shailen Bhatt said.
The 12 programs support bridges and tunnels, carbon emission reduction, safety improvements, roads, and work force development to support these investments.
States, the District of Columbia, and Puerto Rico are eligible for funding. Interested transportation agencies and others can find information on grants and other discretionary funding opportunities on the agency’s Bipartisan Infrastructure Law web page.
The Bipartisan Infrastructure Law established or continued FHWA programs and authorized funding from the Highway Trust Fund and General Fund.
FHWA distributes funding annually based on Congressionally mandated formulas.
Fiscal year 2024 is the third year of funding under the Bipartisan Infrastructure Law. It represents $17.6 billion increase in formula programs as compared to fiscal year 2021 which was the final fiscal year before the law was implemented.
The law is the largest investment in transportation infrastructure since the 1960s.