U.S. Transportation Secretary Anthony Foxx announced almost $500 million will be made available for transportation projects across the country in the eighth round of the Transportation Investment Generating Economic Recovery (TIGER) grant program.
The highly competitive TIGER grant program supports innovative projects, including multi-modal and multi-jurisdictional projects, which are difficult to fund through traditional federal programs. This year’s awards focus on capital projects that generate economic development and improve access to reliable, safe and affordable transportation for communities, both urban and rural, according to the Transportation Department.
Since 2009, the TIGER grant program has provided a combined $5.1 billion to 421 projects in all 50 states, the District of Columbia, Puerto Rico, Guam, the Virgin Islands, and tribal communities, according to the DOT. These federal funds leverage money from private sector partners, states, local governments, metropolitan planning organizations and transit agencies. The federal government’s approximate $500 million investment in 2016 supports about $1.74 billion in overall transportation investments
TIGER funding is provided in the FY 2016 Consolidated Appropriations Act, signed into law in December 2015.