Skip to main content

FASTLANE receives 212 applications for infrastructure funding

The US Department of Transportation has received 212 applications totalling nearly US$9.8 billion for grants through the newly-created Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) grant program. Of these, 136 represent projects in urban areas, while the remaining 76 would support rural projects. “Transportation creates jobs and makes jobs of the future possible. We know there is pent up demand for projects that will speed up th
May 23, 2016 Read time: 1 min
The 324 US Department of Transportation has received 212 applications totalling nearly US$9.8 billion for grants through the newly-created Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) grant program.

Of these, 136 represent projects in urban areas, while the remaining 76 would support rural projects.

“Transportation creates jobs and makes jobs of the future possible. We know there is pent up demand for projects that will speed up the delivery of goods and make America even more competitive.  Today, we have even more evidence,” said US Transportation Secretary Anthony Foxx.  “We're going to do our best to support high impact transportation projects that will lay a new foundation for job creation and exporting American made goods throughout the world.”
 
The FASTLANE program was established in December 2015 as part of the Fixing America’s Surface Transportation (FAST) Act to fund critical freight and highway projects across the country.

For more information on companies in this article

Related Content

  • The future? It's remote, says Valerann
    January 4, 2024
    More responsive traffic management is of enormous value – and Valerann thinks its SaaS system, remotely deployed in Latin America, is able to identify incidents much more quickly, finds Andrew Stone
  • Dutch government to invest in ITS
    December 3, 2015
    The Netherlands is to make a substantial investment in new forms of smart mobility, including real-time travel information and innovative forms of traffic management. Infrastructure and Environment Minister Schultz van Haegen and twelve regions are allocating more than US$74 million for intelligent transport systems (ITS) until 2018. deploy new services and gain practical experience with the latest technology, with the aim of providing drivers with personal, real-time and location-dependent information.
  • San Jose implements Intel technology for a smarter city
    June 13, 2014
    In the US, the city of San José and Intel are collaborating to further the city's Green Vision initiative with the use of Intel technology. The pilot program, known as Smart Cities USA, is Intel's first smart city implementation in the United States and is intended to improve air and water quality, reduce noise pollution, and increase transportation efficiency. According to Intel, the scalability of its architecture provides the intelligence and flexibility necessary for cities to quickly deploy a range
  • Uber IPO ‘could be valued at $120 billion’
    October 17, 2018
    Uber could be valued as high as $120 billion if the ride-hailing company goes public, as expected, in 2019 – despite being permanently in the red. Major US banks Goldman Sachs and Morgan Stanley have made valuation proposals to Uber, according to a report in the Wall Street Journal this week. This means the initial public offering (IPO) could be one of the largest in history – and Uber has yet to record a full-year profit. If the figure is correct, it would mean that Uber is worth more than three of the