The program provides low-interest loans for a wide range of rural transportation projects.
(Published Sep 3, 2019)
The U.S. Dept. of Transportation’s Build America Bureau has launched a new program called the Rural Project Initiative.
The program provides low-interest loans for a wide range of rural transportation projects. These loans could be useful to cities that need funds to leverage state dollars or to complement their own resources.
The sooner an eligible city applies for a loan under this program, the more likely they are to secure a loan. Once the funds are tied up, there will be longer waiting periods to access the money. Minnesota is among the first five states the agency has approached.
Questions about the Rural Project Initiative may be directed to Carl Ringgold, project development lead, at (202) 366-2750 or firstname.lastname@example.org.
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