The INFRA grant program preserves the statutory requirement in the FAST Act to award at least 25 % of funding for rural projects. (transportation.gov)
The Trump Administration on Monday, Feb. 12, released its long - awaited infrastructure plan, which proposes at least $ 1.5 trillion in new investment across infrastructure asset classes; incentivizing greater state and local funding; shortening the project permitting process to two years; investing in rural projects; and improving worker training. (nar.realtor)
However, to the extent that the demand for the reduced interest rate exceed amounts available in the set - aside, [205] the DOT will establish a date by which sponsors of Rural Projects should submit their TIFIA Letters of Interest. (transportation.gov)