|With passage of the FY 2018 Omnibus and previously authorized programs, over $3 billion in federal infrastructure funding will be available in the coming months. Join AAPA and the U.S. Department of Transportation (USDOT) for a webinar on how USDOT grant programs can fund port infrastructure projects. The webinar will take place Tuesday, May 22, from 4:00 p.m. to 5:00 p.m. EDT. Advance registration is required to participate.
In late March, the FY 2018 Omnibus provided $1.5 billion for TIGER grants, recently renamed the Better Utilizing Investments to Leverage Development (BUILD) grant program. Funding for this program is triple the amount Congress provided in FY 2017. The deadline to submit applications is 8:00 p.m. EDT on July 19. There is currently $65 million in funding for the new Consolidated Rail Infrastructure and Safety Improvements (CRISI) grant program, and applications must be submitted by 5:00 p.m. EDT on June 21. The omnibus bill provided $592.5 million in additional CRISI funding, and a notice of funding opportunity for FY 2018 will be released soon. In addition, the Infrastructure for Rebuilding America (INFRA) grant program is authorized at $900 million for FY 2018.
Learn how these grant programs work together, and what funding opportunities are most appropriate for port projects in FY 2018. Webinar presenters will include:
This week, AAPA will be releasing its State of Freight III – Rail Access and Port Multimodal Funding Needs report, which identifies more than $20 billion in projected multimodal port and rail access needs in the next decade. In addition, one-third of ports have identified pressing rail project needs that cost more than $50 million, 43 percent said better rail access would add more than 25 percent throughput capacity through their ports and 90 percent said better rail access would help meet these growing demands and secure new cargo.
Staff contact: John Young