The Eye of the TIGER: $526.944 Million Available in Grants for Road, Rail and Port Projects

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Overview

The Department of Transportation ("DOT") is once again making grant funds available for road, rail and port projects under the Grants for Transportation Investment Generating Economic Recovery Program, commonly known as "TIGER." $1.5 billion in grants for capital projects was initially appropriated by Congress for TIGER in the American Recovery and Reinvestment Act of 2009 ("TIGER I"). Because of the success of the program, an additional $600 million was appropriated - this time for both capital and planning projects-in the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act for 2010 ("TIGER II"). Fifty-one capital projects were funded in TIGER I and an additional 42 capital projects-plus 33 planning projects - were funded in TIGER II. Now $526.944 million is available for a new round of grants, as recently appropriated by Congress in the Full-Year Continuing Appropriations Act, 2011 ("TIGER III"). These funds will only be available for capital projects, but clients who either filed previous unsuccessful applications or have a new project that meets the selection criteria of the program (discussed further below) are urged to consider applying for this latest round of TIGER funds.

The Public Policy & Infrastructure Practice has monitored and provided counsel on this program since its inception, and we offer our analysis of the latest round of grants in this Client Alert. With the relevant October pre-application and application deadlines fast approaching, we urge clients to contact us on the steps necessary to crafting a competitive application for funds.

Please see full article below for more information.

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Published In: Administrative Agency Updates, Finance & Banking Updates, Transportation Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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