In July, the DOT awarded $759 million to 18 entities for nationally significant freight and highway projects. The Department received 212 applications requesting a total of $9.8 billion dollars.
Many project sponsors are expected to try again for the federal grants. The Maryland Port Administration and freight railroad CSX, for example, recently said they will apply again for funding to increase the clearance of the Howard St. Tunnel in downtown Baltimore and several associated bridges to accommodate cars with double-stacked containers.
The FASTLANE (Fostering Advancements in Shipping and Transportation for the Long-Term Achievement of National Efficiencies) program was established by the FAST Act, enacted at the beginning of the year, to provide $4.5 billion in discretionary grants over five years for large multi-modal projects.
The DOT is primarily looking for significant highway, rail, port, and inter-modal freight projects in excess of $100 million as the federal government tries to increase the nation’s ability to handle freight volumes, which are projected to grow 45 percent over 30 years.
States, local agencies, special-purpose districts, public authorities and other entities – alone or in partnerships – are eligible for grants.
The DOT said it will award up to $850 million for the second round of FASTLANE grants for the 2017 fiscal year. Applications will be accepted through Dec. 15 at www.grants.gov.
“Across the country, there are sidelined projects that are essential to America’s cities and our transportation network, and leveraging a FASTLANE grant from the Build America Bureau can move many of these projects forward,” Transportation Secretary Anthony Foxx said in a statement. “FASTLANE grants give us an opportunity to identify and invest strategically in those projects that are critical to keeping our nation’s economic engine running.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now