$2,000,000. Award for regional infrastructure accelerators assist entities in developing improved infrastructure priorities and financing strategies for the accelerated development of a project that…

This $2,000,000 Cooperative Agreement award from the U.S. Department of Transportation's Federal Highway Administration under the Transportation Infrastructure Finance and Innovation Act (TIFIA) Program (CFDA 20.223) supports the development of improved infrastructure priorities and financing strategies for the Lafayette Regional Expressway (LRX) project in Louisiana.

The award funds activities such as traffic volume projections, toll rate analysis, revenue modeling, and comparative analysis to serve as the foundation for analyzing and estimating the potential financial benefits of the LRX project. These assessments will assist regional entities in advancing the accelerated development of the LRX transportation infrastructure project, which is eligible for TIFIA program funding. The intended beneficiaries are commuters in the Greater Lafayette area. The award period runs from August 1, 2024 to July 31, 2026.

$2,000,000. Award for regional infrastructure accelerators assist entities in developing improved infrastructure priorities and financing strategies for the accelerated development of a project that is eligible for funding under the transportation infrastructure finance and innovation act (TIFIA) program under chapter 6 of title 23, united states code. Activites: lafayette regional expressway (LRX) - intended to improve the transportation system by increasing accessibility, capacity, and mobility within the greater lafayette area. (traffic volume projections, toll rate analysis, revenue modeling, comparative analysis); these traffic and revenue studies and assessments will serve as the foundation for analyzing and estimating the potential financial benefits of the LRX project. IT is crucial to consider multiple factors, conduct detailed traffic analysis, and engage with relevant stakeholders to develop a comprehensive and accurate revenue projection for the project deliverables: kick-off meeting; quarterly and annual reports; project management plan; project evaluation plan intended beneficiaries: greater lafayette area commuters.