Nationally, 44 projects that requested but were not awarded funding from the competitive INFRA 2021 grant are now designated by INFRA Extra, eligible for credit support of up to 49% of costs, according to the US Department of Transportation.
These projects, some of which are rail-related, reached the latest Infrastructure for Rebuilding America (INFRA) funding round, the USDOT reported, but did not receive an award due to a combination of ” overwhelming demand âand limited funds. (In June, USDOT selected 24 projects â seven rail / port specific â to receive $ 905.25 million in INFRA grants.)
This year, USDOT received a total of 157 eligible INFRA applications from 42 states, as well as Guam. Applicants collectively requested about $ 6.8 billion in grants, nearly seven times the $ 1 billion available for the program.
The INFRA Extra initiative, introduced earlier this year, “offers certain INFRA applicants the opportunity to apply for credit assistance from the Transport Infrastructure Financing and Innovation Act (TIFIA) up to 49% of costs. eligible project if the project has advanced for funding but has not been awarded. due to resource constraints, âthe USDOT reported. “This can potentially provide project promoters with more funding than they would be able to claim under a traditional TIFIA loan, which can normally finance up to 33% of a project’s cost, subject to the satisfaction of underwriting requirements. “
The Build America Bureau, which administers the TIFIA credit program, should contact eligible applicants whose projects have received an INFRA Extra designation. The Office will provide technical assistance and additional information on its credit and financing programs.
Here are some of the INFRA Extra designation projects:
â¢ Broward County (Florida) Port Everglades, Slip 1 expansion project
â¢ California High-Speed ââRail Authority, Wasco SR 46 improvement project
â¢ Capital Metropolitan Transportation Authority (Texas), A Better Red Line: Improvements to freight rail facilities near McKalla Station
â¢ City of Raleigh, NC, Boylan Wye crossing at West Street
â¢ City of San Jose, California: Department of Transportation, improvement of the Warm Springs level crossing
â¢ City of Spokane Valley (Wash.), Bigelow-Sullivan Corridor Mobility and Cargo Safety Project
â¢ Florida Department of Transportation, Miami River-Miami Intermodal Center capacity upgrade (revised scope)
â¢ Manatee County Port Authority, Port Manatee (Florida) – Intermodal Container Yard – Phase 3
â¢ Ohio Department of Transportation, Ohio St. Rt. 7 crossing
â¢ Oxnard Harbor District (California) – Port de Hueneme, the Hueneme modernization project
â¢ District of the port of Palm Beach, electrification of the locomotives of the Switcher port
â¢ Port Authority of Tampa, new berth 218 at Port Tampa Bay
â¢ Wisconsin Department of Transportation, Janesville Bridge and Track Restoration Project
âEach year the ministry receives many more qualified applications for the INFRA program than we can fund,â said Deputy Secretary of Transportation Polly Trottenberg. “We’re excited to give some of INFRA’s most promising finalists a chance to receive a TIFIA loan instead, so we can help advance transformative infrastructure projects across the country.” “
The USDOT noted that the Infrastructure Investment and Jobs Act, which is currently under consideration by Congress, “increases funding for the INFRA grant program by more than 35% – to $ 8 billion over five years – to help even more communities to carry out projects “.