Print PDF

DOT to Award $850 Million in Freight Transportation Infrastructure Grants

Wednesday, November 02, 2016
Sandler, Travis & Rosenberg Trade Report

The Department of Transportation is accepting through Dec. 15 applications for $850 million in fiscal year 2017 grants for projects that address nationally or regionally significant freight transportation challenges. The first round of Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) grants totaling $759 million was awarded to 18 projects in September after DOT received 212 applications requesting nearly $9.8 billion in grants, which the department states underscores “the continuing need for infrastructure investment across the country.”

FASTLANE grants provide dedicated, discretionary funding for projects focused on improving the safety, efficiency, and reliability of the movement of freight and people; generating national or regional economic benefits and increasing the United States’ global competitiveness; reducing highway congestion and bottlenecks; enabling more efficient intermodal connections; minimizing delays at international borders; improving inadequate first and last mile segments; modernizing port facilities to meet 21st century demands, including connections between ports and their surface transportation systems; enhancing the resiliency of critical intermodal infrastructure and helping protect the environment; improving grade crossings; improving roadways vital to national energy security; and addressing the impact of population growth on the movement of people and freight. DOT will give additional consideration to nationally or regionally significant multimodal and multijurisdictional projects.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines