The Department of Transportation's Federal Aviation Administration is issuing a Notice of Funding Opportunity (NOFO) for the Regional Infrastructure Accelerator (RIA) Program, which provides $10 million in cooperative agreement grants to assist U.S. public entities in developing improved infrastructure priorities and financing strategies to accelerate the delivery of projects eligible for the Transportation Infrastructure Finance and Innovation Act (TIFIA) credit program. Eligible applicants include state, multi-state, municipal, county, regional, and tribal entities. The evaluation criteria cover the applicant's experience, partnerships, business model, pipeline, readiness, impact on underserved communities, self-sustainability, and alignment with DOT priorities. The application deadline is January 9, 2025.
The NOFO indicates that the funding range for each RIA grant is between $975,000 to $2 million, with the goal of establishing 6-10 new RIAs. The cooperative agreement structure allows for substantial federal involvement, including the provision of technical assistance, monitoring, and status reviews. Recipients will be required to submit semi-annual progress reports and performance metrics.
Generated 10/30/24, 6:12 AM