More than $4.9 billion in funding was recently announced by President Biden and U.S. Transportation Secretary Pete Buttigieg. The funding will go to 37 projects through two major discretionary grant programs, the National Infrastructure Project Assistance (Mega) grant program and the Infrastructure for Rebuilding America (INFRA) grant program.
The Mega program, which was created by the bipartisan Infrastructure Investment and Jobs Act (IIJA) and provides $5 billion in funding through 2026, is focused on projects that are uniquely large, complex and difficult to fund under traditional grant programs.