Business and finance
02 Feb 12
USA announces fourth round of Tiger funding
US transportation secretary Ray LaHood has announced a fourth round of funding under the highly competitive Transportation Investment Generating Economic Recovery (Tiger) programme.
Tiger 2012 will make US$500 million available for surface transportation projects – including bridges – that have a significant impact on the nation, a metropolitan area, or region.
The previous three rounds of the Tiger program provided US$2.6 billion to 172 projects in all 50 states, the District of Columbia and Puerto Rico. The programme has been greatly oversubscribed, with the Department of Transportation receiving more than 3,348 applications in the previous three rounds requesting more than US$95 billion for transportation projects across the country.
Pre-applications are due by 20 February and applications are due by March 19.
