Applicants must provide at least 40 percent of the total project costs via matching contributions.
Other federal assistance may be used to satisfy the matching requirement; however, the total federal assistance, including funds from the Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF) programs, known in eCivis Grants Network as US1116 and US12985, respectively, for a project is limited to 80 percent of the total project costs. State or local governments may use funds from the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program as nonfederal share.
Applicants must demonstrate the availability of one or more stable and dependable nonfederal funding or financing sources to construct, maintain, and operate the project, and to cover cost increases.
Matching contributions may not include:
- Funds used as cost share for another federal program, unless otherwise authorized by statute
- Previously incurred costs or previously expended or encumbered funds
Up to $1.8 billion is available to support awards through this program.
Of the total funds available, 50 percent will be set aside for projects between $100 million and $500 million in cost. The remaining funds, less 2 percent for program administration, will be set aside for projects greater than $500 million in cost.
Funds may not be used for previously incurred costs, or for a standalone multimodal transit center with light rail service and bus service.
For FY 2023/2024, 11 awards ranging from $31,977,319 to $600 million were provided through this program. For FY 2022, nearly $1.2 billion was distributed via nine awards. Refer to the Award file for details.