U.S. to offer funds of $2.9 bln for major infrastructure projects

The White House will announce on Wednesday a funding opportunity of $2.9 billion earmarked by the Transportation Department for major infrastructure projects this year, as part of a $1-trillion law Congress approved in 2021. The figure includes $1 billion for projects of national or regional significance that are too large or complex for traditional funding programs, which Buttigieg described as the “cathedrals of our infrastructure.” The department also plans to award $300 million for rural projects and $1.55 billion for other highway, multimodal freight and rail projects. Congress approved $66 billion for rail as part of the massive infrastructure bill, with passenger railroad Amtrak receiving $22 billion. The bill also sets aside $36 billion for competitive grants.


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