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Yesterday, the U.S. Department of Transportation (USDOT) announced that $527 million will be available for the third round of the Transportation Investment Generating Economic Recovery (TIGER) grant program.

The previous two rounds of the TIGER program provided $2.1 billion to 126 transportation projects in all 50 states and the District of Columbia. The program funds transportation projects the USDOT deems will create jobs and have a significant impact on the nation, a region or metropolitan area.

“Through the TIGER program, we can build transportation projects that are critical to America’s economic success and help complete those that might not move forward without this infusion of funding,” said U.S. Transportation Secretary Ray LaHood in a prepared statement.

The fiscal-year 2011 budget President Obama signed in April directed $527 million to the USDOT for “critical investments in the nation’s transportation infrastructure,” according to the agency. States, cities, local governments, and other partnerships and groups will have until fall to prepare applications for the third round. During the previous two rounds, the USDOT received more than 2,500 applications requesting more than $79 billion.