Regional Infrastructure Accelerator Program
Closed Posted
- Opportunity number
- DOTBAB01062024
- Agency
-
Federal Aviation Administration
Department of Transportation
- Applications due
- Award size
- $1,000,000 to $1,500,000
Opportunity facts
- Assistance listings
- Funding instrument
- Cooperative Agreement
- Category
-
- Transportation
- Eligible applicants
-
- Other
Opportunity details come from Grants.gov. Updated .
About this opportunity
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.
Synopsis
Executive Summary: The Build America Bureau (Bureau) is issuing this NOFO to solicit applications from eligible U.S. public entities for $10 million in Regional Infrastructure Accelerator (RIA) grants. RIA grants 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) Credit Program under Chapter 6 of Title 23, United States Code. These grants are intended to support RIAs that: 1) serve a defined geographic area; 2) act as a resource to qualified entities in the geographic area; and 3) demonstrate the effectiveness of the RIA to expedite the delivery of projects eligible for the TIFIA credit program. Projects are not required to apply for or receive TIFIA credit assistance to be eligible; however, applicants who are considering the appropriateness of innovative financing methods to accelerate the delivery of eligible projects are strongly encouraged to apply.
Each section of this notice contains information and instructions relevant to the application process for the RIA grants. All applicants should read this notice in its entirety so that they have the information they need to submit eligible and competitive applications.
Files
| File | Type | Posted |
|---|---|---|
| OST-Bureau-241003-001-OST-C-001.pdf |
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