US awards $900m in grants for transport projects

US

November 14, 2019 – US transportation secretary Elaine Chao has announced grants with a total value of US$900m (£700m) for infrastructure projects across 35 states.

The money is being allocated to a total of 55 projects through the Better Utilizing Investments to Leverage Development (Build) grants programme.

Build funding supports roads, bridges, transit, rail, ports or intermodal transportation, with 50% allocated to projects located in rural areas.  For this round of grants, the maximum grant award is US$25m and no more than US$90m can be awarded to a single state.

The projects receiving the maximum amount of US$25m are:

  • Central Iowa Water Trail – Phase 1 dam mitigation and user access project (total estimated project cost US$31.25m);
  • I-70/Picadilly Interchange in Colorado (total estimated project cost US$56.6m);
  • a petroleum and cement terminal in Anchorage, Alaska (total estimated project cost US$171.6m);
  • the Shepherd and Durham major investment project in Houston, Texas (total estimated project cost US$50m);
  • Station 46 bridge replacement project in Augusta, Maine (total estimated project cost US$30m);
  • Washington Bridge rehabilitation and redevelopment project in Providence, Rhode Island (total estimated project cost US$70m).

Source:- https://www.theconstructionindex.co.uk/news/view/us-awards-900m-in-grants-for-transport-projects

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