DOT Sets $500 Million in Transportation ‘TIGER’ Grants
Transportation Secretary Ray LaHood Friday announced that 47 transportation projects in 34 states will receive almost $500 million in funding from DOT.
The funding is under DOT’s 2012 transportation investment generating economic recovery, or TIGER grant program.
DOT said that about 35% of the funding will go to road and bridge projects, including more than $30 million for the replacement of rural roads and bridges.
Another 12% will go to freight rail projects, including a project to reduce freight rail congestion in Chicago.
This is the fourth round of TIGER grant funding, which dates back to November 2011, when President Obama signed an appropriations law providing DOT with $500 million for infrastructure investments.
In many cases, the grants will serve as the final piece of funding for infrastructure investments totaling $1.7 billion in overall project costs, DOT said.
