Get your freight project ready.
U.S. Transportation Secretary Anthony Foxx has announced the first guidance on a new federal grant program for freight.
The program was created within the FAST Act signed into law late last year.
Washington Senator Maria Cantwell, who led efforts to craft the program, spread the word today on the grants.
There’s $800 million available nationwide this year.
Grants will go to two categories of projects.
Projects that exceed $100 million in overall costs will be seeking grants for at least $25 million.
Ten percent of grant funds are set aside for smaller projects for grants of at least $5 million.
“My goal is to move expeditiously to fund promising freight and highway projects,” said Foxx, who is expected to select the first projects later this year following a 60 day review by Congress.