Competitive Funding Opportunities
A Notice of Funding Opportunity for $1.5 billion in funding through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) discretionary grant program has been announced for 2024.
Grants are awarded on a competitive basis for the planning or construction of surface transportation infrastructure projects that will improve safety, sustainability, quality of life, mobility, connectivity, economic competitiveness, and opportunity including tourism, state of good repair, partnership and collaboration, and innovation. A list of projects that were awarded funds in 2023 is available here.
CITY OF INDIANAPOLIS, IN: INDIANA
CAPITAL URBAN AREA OF PERSISTENT POVERTY
RAISE GRANT FUNDING: $25,000,000
Project Description: The project will convert four pairs of one-way streets to two-way streets using a complete streets approach that includes the addition of a bike lane, multi-use paths, and sidewalk improvements.
PERRY COUNTY PORT AUTHORITY for PERRY AND SPENCER COUNTIES, IN: INDIANA
CAPITAL, RURAL
RAISE GRANT FUNDING: $11,575,000
Project Description: The project will fund the final design and construction to replace approximately 14 miles of 120 year old 75-pound rail, with 115-pound rail in areas of defect along the Hoosier Southern Railroad (HOS) to support the industry standard 286,000 pound freight car.
Some things of note:
- Half of funding is set aside to rural areas.
- Federal match may exceed 80% in rural areas, areas of persistent poverty, and historically disadvantaged communities.
- The deadline for applications is February 28, 2024.
For more information on available funding opportunities, please visit our Guidance and Resources page and click on External Transportation Grant Opportunities.
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