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DOT Seeking Applicants for FASTLANE Grants
The U.S. Department of Transportation is seeking applicants for FASTLANE grants worth a total of $850 million for freight and highway projects, the department announced on Oct. 28.
FASTLANE stands for “Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies." Applications must be received by Dec. 15.
DOT awarded $759.2 million in FASTLANE grants in fiscal 2016, the first year of the program, from among 212 applicants seeking $9.8 billion in funding. The department said the grants it awarded leveraged $3.6 billion more in additional funding from federal, state, local and private sources.
RELATED:ÌýDOT Awards $759 Million in FASTLANE Transportation Grants
"Across the country, there are sidelined projects that are essential to America's cities and our transportation network,"ÌýU.S. Transportation Secretary Anthony Foxx said. [These grants] "give us an opportunity to identify and invest strategically in those projects that are critical to keeping our nation's economic engine running."
