Regional Infrastructure Accelerators
Section 1441 of the FAST Act authorized the establishment of the Regional Infrastructure Accelerators (RIA) demonstration program to assist entities in developing improved infrastructure priorities and financing strategies for the accelerated delivery of a project that is eligible for funding under
the Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA) program under Chapter 6 of Title 23, United States Code.
The Further Consolidated Appropriations Act, 2020, enacted on December 20, 2019, appropriated $5 million for this program.
As a part of the implementation plan, the Bureau is issuing this Notice of Funding Opportunity (NOFO) to solicit applications for designating and funding an RIA that will:
1) serve a defined geographic area; 2) act as a resource to qualified entities in the geographic area in accordance with Section 1441 of the FAST Act; and 3) demonstrate the effectiveness of an RIA to accelerate the delivery of eligible projects through the Bureau’s innovative financing programs including the TIFIA credit program, and, to the extent applicable, the Railroad Rehabilitation and Improvement Financing (RRIF) credit program and Private Activity Bonds (PABs) and other innovative financing methods.
The Further Consolidated Appropriations Act, 2020, enacted on December 20, 2019, appropriated $5 million for this program.
As a part of the implementation plan, the Bureau is issuing this Notice of Funding Opportunity (NOFO) to solicit applications for designating and funding an RIA that will:
1) serve a defined geographic area; 2) act as a resource to qualified entities in the geographic area in accordance with Section 1441 of the FAST Act; and 3) demonstrate the effectiveness of an RIA to accelerate the delivery of eligible projects through the Bureau’s innovative financing programs including the TIFIA credit program, and, to the extent applicable, the Railroad Rehabilitation and Improvement Financing (RRIF) credit program and Private Activity Bonds (PABs) and other innovative financing methods.
Related Programs
Transportation Infrastructure Finance and Innovation Act (TIFIA) Program
Department of Transportation
Agency: Department of Transportation
Office: 69A345 Office of the Under Secretary for Policy
Estimated Funding: $5,000,000
Office: 69A345 Office of the Under Secretary for Policy
Estimated Funding: $5,000,000
Obtain Full Opportunity Text:
Build America Bureau Regional Infrastructure Accelerators
Additional Information of Eligibility:
Applications will be accepted from a partnership between one or more eligible applicants and another U. S. party, such as a private entity, consulting or engineering firms, etc., as long as one of the eligible public entities is designated as the lead applicant and that entity will enter into the cooperative agreement, with the shared goal of establishing and operating the Regional Infrastructure Accelerator.
Please refer to Section C.1.
Eligibility Information of the Notice for further details.
Full Opportunity Web Address:
https://www.transportation.gov/buildamerica/financing/tifia/regional-infrastructure-accelerators-program
Contact:
Agency Email Description:
Regional Infrastructure Accelerators (RIA)
Agency Email:
Date Posted:
2020-12-31
Application Due Date:
Archive Date:
2021-04-30
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