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9/21/2021
The U.S Department of Transportation (USDOT) yesterday announced that it will designate 44 projects around the country as Infrastructure For Rebuilding America (INFRA) Extra, making them eligible to apply for credit assistance for up to 49% of costs.
The projects made it to the final round for funding under the 2021 INFRA competitive grant program, but were not awarded due to a combination of overwhelming demand for INFRA grants and limited funds.
A list of the projects can be read here.
"Every year, the department receives far more qualified applications for the INFRA program than we can fund," said Deputy Transportation Secretary Polly Trottenberg. "We’re excited to give some of the most promising INFRA finalists a chance to receive a TIFIA loan instead, so we can help advance transformative infrastructure projects all across the country."
Like projects that received INFRA grants, the projects receiving the INFRA Extra designation will help rebuild America’s infrastructure and create jobs, USDOT officials said in a press release.
This year, USDOT received a total of 157 eligible INFRA applications from 42 states, as well as Guam. This year’s applicants collectively requested approximately $6.8 billion in grant funds — nearly seven times more than the $1 billion available.
Announced by USDOT earlier this year, INFRA Extra provides certain INFRA applicants the opportunity to apply for Transportation Infrastructure Finance and Innovation Act (TIFIA) credit assistance for up to 49% of eligible project costs if the project advanced for funding but was not awarded due to resource constraints.