The U.S. Department of Transportation has opened a call for applications through the Notice of Funding Opportunity for the bridge investment program established by President Biden’s Infrastructure Law.
The program announced includes the single largest dedicated investment in bridges since the construction of the Interstate highway system. The program will provide $12.5 billion over five years, with nearly $2.4 billion available in the Fiscal Year 2022 to help plan, replace, rehabilitate, protect, and preserve some of the nation’s largest bridges. This competitive grant program comes on top of more than $27 billion in formula bridge funding the U.S. Department of Transportation announced earlier this year. This investment will help ensure that some of the nation’s most important bridges remain operational, support local economies, strengthen our supply chains, improve safety, and create good-paying jobs across the country.
Bridge Investment Program funding is unique in three key areas because it:
- Allows multi-year grant agreements to fund large projects by making it possible to take a project through pre-construction activities and into construction.
- Offers grants that help fund the planning process, including planning, feasibility analysis, and revenue forecasting associated with developing a project that would subsequently be eligible to apply for the Bridge Investment Program.
- Offers two types of construction grants, covering “large” projects over $100 million and “bridge projects” at up to $100 million.
The complete statement can be read here.