USDOT Receives FASTLANE Grant Applications Totaling More Than $7 Billion for Transportation Projects Nationwide
WASHINGTON… U.S. Transportation Secretary Anthony Foxx announced that the U.S. Department of Transportation's Build America Bureau has received 195 eligible applications requesting more than $7 billion dollars in Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) grants. These applications collectively represent more than $24 billion in infrastructure needs across the country.
The FASTLANE program was established in the Fixing America's Surface Transportation (FAST) Act to fund critical freight and highway projects across the country. The FAST Act authorized the program at $4.5 billion for fiscal years 2016 through 2020.
Last September, the Department announced the selection of eighteen projects to receive $759 million from the first round of FASTLANE grants, leveraging $3.6 billion in funding from other federal, state, local, and private sources. The Department then released the current notice of funding opportunity last fall to invite interested parties to apply for a second round of FASTLANE grants.
For more information about FASTLANE grants, please visit www.transportation.gov/buildamerica/FASTLANEgrants.