State Road and Tollway Authority Grant & Loan Opportunities
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Georgia Transportation Infrastructure Bank Grant and Loan Program
The Georgia Transportation Infrastructure Bank (GTIB) is a grant and low-interest loan program administered by the State Road and Tollway Authority (SRTA). Since inception, GTIB has provided over $182 million in grants and loans to highly competitive transportation projects that have enhanced mobility and driven economic development in local communities throughout Georgia.
SRTA is pleased to announce that funding will be available for award in 2023! Grant and loan applications will be accepted until January 20, 2023. Awards are expected to be announced in May or June of 2023. Please submit all applications electronically to GTIBinfo@srta.ga.gov. Awards are expected to be announced in May or June of 2023.
All projects submitted must be motor fuel tax eligible (examples include improvements to public roads and bridges and associated bike, pedestrian, and traffic control infrastructure). Reimbursable expenses include preliminary engineering, right of way acquisition, and construction costs. Additional details for interested applicants can be found below.
What’s New for 2022?
- Loans will receive priority for funding as will projects for which both a loan and grant are requested.
- When applying for both a loan and grant, the loan should be larger than the grant and the applicant should be prepared to draw loan funds prior to grant funds.
- Preference for grants will be given to projects providing economic development benefits and a high degree of matching funds.
How Will Applications Be Evaluated This Round?
Applications will be evaluated based on Transportation Merit, Project Specifics, and Economic Merit. Details on each category are below:
- Transportation Merit: Projects performing best within this category include those that advance a clear transportation need, produce a strong public benefit, and improve mobility, congestion, connectivity, system efficiency, and/or safety. Projects that are accelerated as a result of GTIB funds and that include innovative solutions locally, statewide, or industry-wide will also perform better.
- Project Specifics: Projects performing best within this category are those providing a higher degree of non-state matching funds and projects that are close to and/or at the construction phase of the project. In addition, projects with financing already secured that either have or show a strong likelihood to obtain necessary permits will perform better. Regarding match, greater consideration is given to cash on hand than a soft match (e.g., donated ROW, in-house labor).
- Economic Merit: Projects performing best within this category will provide direct economic benefits to the local community, region, and/or state and may include a reduction in unemployment, attraction of new business to the state, growth in private-sector employment, and/or improved access to jobs. Economic benefits may also include improved efficiencies for freight, cargo, and/or goods movement.
In addition to applying the objectives to each project, SRTA will make every effort to balance awards throughout the State. SRTA will also give preference to loans, which includes projects combining a loan and a grant. When combining loans and grants, applicants should request a larger loan than grant.
Still have questions? Not sure if your project is eligible? Not sure if your project will be competitive? We’re here to help! Please reach out to David Cassell at dcassell@srta.ga.gov to learn more.
Costs to Apply:
The cost to apply for a grant or loan is $250 per application. Applicants may submit more than one application.
Eligibility:
Eligible Applicant: A government unit including a municipal corporation, county, community improvement district, including combinations of two or more of these entities, acting jointly to construct, own or operate a qualified project, or any other state authority, board, commission, agency, or department that may construct, own, or operate a qualified project.
Eligible Costs: Costs related to preliminary engineering, traffic and revenue studies, environmental studies, right of way acquisition, legal and financial services associated with the development of the qualified project, construction, construction management, facilities, and other costs necessary for the qualified project.
Eligible Projects: Are restricted to those roadway projects that satisfy the requirements of being “motor-fuel tax eligible”; as set forth in O.C.G.A. §32-1-1et seq.
Contact:
If you have further questions please contact dcassell@srta.ga.gov or go to our website at www.srta.ga.gov/gtib for applications and more details on the GTIB program.
