Regional Infrastructure Accelerators

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Funding Opportunity ID:330635
Opportunity Number:DOTBAB202012
Opportunity Title:Regional Infrastructure Accelerators
Opportunity Category:Discretionary
Opportunity Category Explanation:
Funding Instrument Type:Cooperative Agreement
Category of Funding Activity:Transportation
Category Explanation:
CFDA Number(s):20.223
Eligible Applicants:State governments
County governments
City or township governments
Special district governments
Public and State controlled institutions of higher education
Native American tribal governments (Federally recognized)
Others (see text field entitled “Additional Information on Eligibility” for clarification)
Additional Information on 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.
Agency Code:DOT-DOT X-50
Agency Name:Department of Transportation
69A345 Office of the Under Secretary for Policy
Posted Date:Dec 31, 2020
Close Date:Mar 31, 2021
Last Updated Date:Dec 31, 2020
Award Ceiling:$2,000,000
Award Floor:$100,000
Estimated Total Program Funding:$5,000,000
Expected Number of Awards:5
Description: 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.
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