Up to $25M in transportation funding available for projects statewide.
The State Road & Tollway Authority (SRTA) has announced that up to $25 million in grant and loan funding is available for local, regional and state governments as well as community improvement districts through the Georgia Transportation Infrastructure Bank (GTIB) program.
GTIB is a revolving infrastructure investment fund that awards grants and loans to jumpstart or complete transportation improvement projects in Georgia. Now in its seventh round, the GTIB program continues to improve mobility and enhance communities throughout Georgia. The GTIB application window opens Thursday, August 15 and closes on Tuesday, October 15.
“The GTIB program has proved to be a popular and successful model of providing valuable financial assistance for transportation projects that improve mobility, sustain development and enable local communities to thrive,” SRTA Executive Director Christopher Tomlinson said.
Loans will receive priority for funding as will projects for which both a loan and grant are requested. When a loan is combined with a grant, the loan serves as part of the applicant’s matching funds making the grant more competitive for funding. Preference for grants will be given to projects providing economic development benefits and a high degree of matching funds.
The GTIB program has provided $125 million in grants and loans since its inception in 2010. Final loan and grant approval is made by the SRTA Board.
For application information, email Cindy Treadway or call her at 404-893-6186.