The U.S. Department of Transportation’s Federal Railroad Administration (FRA) issued a Notice of Funding Opportunity (NOFO) for the Federal-State Partnership for State of Good Repair Grant Program (Partnership Program). The NOFO includes US$ 291.4 million in grant funding and is the third such NOFO for the Partnership Program to help repair and rehabilitate intercity passenger railroad assets.
The Fiscal Year 2020 (FY20) Partnership Program and remaining the Fiscal Year 2019 (FY19) funding, which includes US$ 198 million made available by the Further Consolidated Appropriations Act, 2020, and US$ 93.4 million that remains unawarded from the Consolidated Appropriations Act, 2019, will support capital projects that repair, replace, or rehabilitate qualified railroad assets to reduce the state of good repair backlog and improve intercity passenger rail performance.
Eligible applications may involve railroad infrastructure, equipment, or facility assets such as track, ballast, switches and interlockings, bridges, communication and signal systems, power systems, highway-rail grade crossings, stations, passenger cars, locomotives, maintenance-of-way equipment, and yards, terminal areas, and maintenance shops.
Grants will be awarded on a competitive basis. FRA will consider how the projects support key Departmental objectives, including enhancing economic vitality; leveraging federal funding; using innovative approaches to improve safety and expedite project delivery; and holding grant recipients accountable for achieving specific, measurable outcomes. In addition, selection preference will be given to applications with a proposed non-Federal share that is comprised of more than one source of funding and applications that indicate strong project readiness. The Federal share of a project’s total cost must not exceed 80 percent.
The Maryland Department of Transportation (MDOT) in the USA, Purple Line Transit Partners (PLTP) and Purple Line Transit Constructors (PLTC) continue active negotiations on the Maryland Lig...
Read moreThe Greene County in Virginia, USA has approved the set of guidelines regarding the strategic public-private partnerships (PPP) development projects. The Public-Private Education Facilities and I...
Read moreThe Arkansas Teacher Retirement System (ARTRS) has made commitments to invest US$ 50 million to Macquarie Infrastructure Partners V, an infrastructure fund managed by Macquarie Capital. With...
Read moreAfter the successful financial close of the utility service PPP project of University of Iowa, Iowa State University is also considering opportunities for a public-private partnership (PPP) for simila...
Read moreStonepeak Infrastructure Fund IV has achieved the first close after raising US$ 6.2 billion. The target amount for the fund is US$ 10 billion. The 45 investors responsible for the first close have pr...
Read more