$4.9 Billion Announced for Funding Transformational Infrastructure Projects

Jan. 25, 2024
The funding will go to 37 projects through two major discretionary grant programs

Today, over $4.9 billion in funding was announced by President Biden and U.S. Transportation Secretary Pete Buttigieg. The funding will go to 37 projects through two major discretionary grant programs, the National Infrastructure Project Assistance (Mega) grant program and the Infrastructure for Rebuilding America (INFRA) grant program.

The Mega program, which was created by the bipartisan Infrastructure Investment and Jobs Act (IIJA) and provides $5 billion in funding through 2026, is focused on projects that are uniquely large, complex and difficult to fund under traditional grant programs.

The INFRA program, for which funding was increased more than 50% by the IIJA, also funds large scale, transformational infrastructure projects.

“With this announcement, we are advancing projects so large, complex, and ambitious that they could not get funded under the infrastructure programs that existed prior to the Biden administration,” said U.S. Transportation Secretary Pete Buttigieg. “Our INFRA and Mega programs are helping build the cathedrals of American infrastructure: truly transformative projects that will change entire regions and our entire country for the better.”

Some of the projects include:

  • The Interstate Bridge Replacement Program - $600 million will go to this project. The goal is to update Interstate 5 with a seismically resillient replacement of the I-5 bridge over the Columbia River.
  • The Eastern Pittsburgh Multimodal Corridor Project - $142 million will make multimodal improvements in the I-376 (Parkway East) corridor of Pittsburgh.
  • The Sagamore Bridge Project - $371 million will go to this project to restore and modernize the nearly 90-year-old Sagamore Bridge in Cape Cod, Mass.

For a full list of projects, click here.

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Source: USDOT