By the end of the 2018 fiscal year (FY 2018), the US Department of Transportation (DOT) made available more than $63.9 billion in FY 2018 multi-modal discretionary and formula transportation investments and $1.6 billion in FY 2017 discretionary funds.
The Department has released Notices of Funding Opportunity (NOFOs) for nearly 90 percent of the funding from FY 2018 to solicit applications, and many have been closed or awarded. In a six-month period, the DOT distributed the entire $56.2 billion in formula funds from FY 2018; announced $7.8 billion in discretionary grant availability from FY 2018; and awarded $5.8 billion in FY 2017 and FY 2018 discretionary grants to specific recipients.
Major grant programs including Infrastructure for Rebuilding America (INFRA), Better Utilizing Investments to Leverage Development (BUILD, (formerly Transportation Infrastructure Generating Economic Recovery, or TIGER)), and the Airport Improvement Program (AIP) are examples of DOT programs fulfilling these objectives.