In an effort to spur a more seamless process of planning and building transportation infrastructure projects across the country, the Department of Transportation has announced the creation of what it calls Regional Infrastructure Accelerators.
By design, the Accelerators will quicken the pace of infrastructure projects both at the financing and delivery level.
In a press release, the Transportation Department said the Accelerators program will “assist project sponsors in project planning, evaluating innovative financial options, accessing technical assistance and best practices, and developing a pipeline of projects ready for investment.”
Up to $5 million in funding will be available for the creation of a demonstration program designed to get the Accelerators effort up and running.
The effort will be administered by the DOT’s Build America Bureau, established during the Obama Administration, and tasked with spearheading airport, rail, road, and transit infrastructure projects.
By Garry Boulard
Get stories like these right to your inbox. Sign up for our newsletter