US DOT Announces $1.5 Billion in 2024 RAISE Funding

The US Department of Transportation (DOT) has published a Notice of Funding Opportunity (NOFO) for the 2024 Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant programme, making 1.5 billion USD available for transportation projects.

This programme is designed to assist state and local entities in carrying out projects that will have local or regional impact but which face challenges under other US DOT grant programmes. This includes both freight and passenger transportation infrastructure projects.

Examples of funded projects from previous years include a grade separation in Chula Vista, California, a downtown transit centre in New Orleans, and the reconstruction of Route 6 on the Standing Rock Indian Reservation in South Dakota.

New Orleans RTA will use previously awarded RAISE funding to construct a new downtown transit hub
New Orleans RTA will use previously awarded RAISE funding to construct a new downtown transit hub

Projects seeking RAISE funding undergo comprehensive evaluation based on criteria such as safety, environmental sustainability, quality of life, mobility, community connectivity, economic competitiveness, state of good repair, collaboration and innovation.

50% of the allocated funding will go to projects in rural areas, while the remaining 50% will be for projects in urban areas. What’s more, a minimum of 15 million USD is set aside for projects in Areas of Persistent Poverty or Historically Disadvantaged Communities.

The NOFO is available here and will be open for applications until 28 February.

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