The U.S. Department of Transportation (U.S. DOT) this week announced the Build America Bureau will add $5 million in grants to the Regional Infrastructure Accelerators (Accelerators) Demonstration Program.
This brings the total investment to $10 million to expedite delivery of transportation infrastructure projects at the local and regional level.
“The Accelerators will identify and assist high priority projects that can take advantage of the billions of dollars available in the Bureau’s flexible, low-interest loans, providing an innovative financing mechanism to jump start transformative projects and assure they are delivered expeditiously to serve the public,” Build America Bureau Executive Director Morteza Farajian said in a statement.
