U.S. Transportation Secretary Anthony Foxx on Thursday announced that 52 transportation projects in 37 states will receive a total of about $474 million from the Transportation Department’s Transportation Investment Generating Economic Recovery grant program.
The competitive and extremely popular TIGER program is now in its fifth incarnation since 2009. The DOT awards the grants on the basis of applications from state and local governments. The grants provide a means of leveraging money for expensive projects likely to have a significant national, state, or metropolitan area impact. They are often paired with municipal bond financing and public-private partnership arrangements.