U.S. Government Offers $600M for Transport Projects

Posted by Michelle Howard
Friday, February 28, 2014
U.S. Transportation Secretary Anthony Foxx

U.S. Transportation Secretary Anthony Foxx will join President Barack Obama today to announce that $600 million will be made available to fund transportation projects across the country under a sixth round of the U.S. Department of Transportation’s highly successful Transportation Investment Generating Economic Recovery (TIGER) competitive grant program. The announcement will be made at the Union Depot in St. Paul, which received $35 million in the first round of TIGER to renovate the facility and restore tracks.  Combined with roughly $480 million in federal funding for the Central Corridor light rail transit line, St. Paul’s Union Depot is proof of the impact that transportation investment can make, leading to job creation, downtown revitalization and economic growth.



“President Obama knows that transportation means opportunity for so many Americans,” said U.S. Transportation Secretary Anthony Foxx.  “TIGER investments answer the President’s challenge to expand opportunity through a strong transportation system that connects Americans with a better way of life.”
 


The TIGER 2014 grant program will place an emphasis on projects that support reliable, safe and affordable transportation options that improve connections for both urban and rural communities, making it easier for their residents to reach work, school and other ladders of opportunity.  While continuing to support projects of all types, DOT will prioritize applications for capital projects that better connect people to jobs, training and other opportunities, promote neighborhood redevelopment and reconnect neighborhoods divided by physical barriers, such as highways and railroads.



The highly competitive TIGER program, which began as part of the American Recovery and Reinvestment Act, offers one of the only federal funding possibilities for large, game-changing multi-modal projects.  These federal funds leverage money from private sector partners, states, local governments, metropolitan planning organizations and transit agencies.  The $474 million 2013 TIGER round alone supported $1.8 billion in overall project investments.



In additional to supporting capital grants, Congress has provided DOT with the flexibility to use up to $35 million of TIGER funds for planning grants, the first time since the 2010 round.  In addition to supporting the planning of innovative transportation, these funds can support regional transportation planning, freight and port planning and programmatic mitigation approaches that increase efficiency and improve outcomes for communities and the environment.



Since 2009, the TIGER program has awarded $3.5 billion to 270 projects in all 50 states, the District of Columbia and Puerto Rico – including 100 projects to support rural communities.  Demand has been overwhelming, and during the previous five rounds, the Department of Transportation received more than 5,300 applications requesting nearly $115 billion for transportation across the country.



Congress provided the most recent funding as part of the bipartisan Consolidated Appropriations Act of 2014, signed by President Obama on January 17, 2017.  TIGER applications are due April 28.  Click here to learn more about TIGER 2014 and to view DOT’s Notice of Funding Availability.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

US Oil Contango Vanishing as Supply Glut Shifts Abroad

The U.S. oil market is on the brink of returning to a more bullish footing known as backwardation for the first time in six months, with the discount for prompt

Mexico Removes Bid Limit on Shallow Water Oil Tenders

Mexico's oil regulator on Friday voted to remove limits on how many blocks companies can bid on in the first 14 shallow water exploration contracts up for grabs later this summer.

Wärtsilä Acquires L-3 MSI

Wärtsilä completes acquisition of L-3 Marine Systems International    Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems

News

Wage Row Between Argentine Crushers, Companies Reaches Crunch Point

Pressure grew on Friday for a resolution to wage talks between exporters and striking crushers in Argentina's Rosario grains hub, with another powerful union threatening

Kongsberg Contracted to Support FLNG Conversion

Kongsberg Maritime secures position in the LNG market with electrical and automation contract for Golar Hilli FLNG   Keppel Shipyard in Singapore and Black & Veatch in the U.

Statoil Awarded Licenses Offshore Nicaragua

Statoil informs it was today awarded four licenses offshore the Nicaraguan Pacific, covering an area of about 16,000 km2 in the largely unexplored Sandino Basin.

Government Update

Mexico Removes Bid Limit on Shallow Water Oil Tenders

Mexico's oil regulator on Friday voted to remove limits on how many blocks companies can bid on in the first 14 shallow water exploration contracts up for grabs later this summer.

Chile Customs Strike Ends After 8 Days

A customs strike in Chile that had held up exports and imports for over a week has ended after the union said on Friday it had come to an agreement with the government.

Mass. Maritime Taps McDonald as New President

EVP Fran McDonald tops a field of five; choice still must be approved by Massachusetts Board of Higher Education.   Pending a confirmation vote by the Massachusetts Board of Higher Education (BHE),

Intermodal

Vale to Ship Coal Along Mozambique Nacala Corridor

Brazilian miner Vale SA  plans to start exporting coal along the Nacala rail and port corridor in Mozambique and Malawi in the third quarter after heavy rains damaged the rail line,

Panalpina Acquires Egyptian Agent Afifi

Switzerland-based supply chain solutions provider Panalpina is to acquire its Egyptian agent Afifi, a family-owned company specializing in freight forwarding, customs clearance and logistics.

Asia-N.Europe Box Rates Hit 6-Year Low

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 23 percent to $342 per 20-foot container (TEU) in the week ended on Friday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2970 sec (3 req/sec)