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Finance and Grants

Overview

The Office of Infrastructure Finance and Innovation is the office in OST Policy primarily responsible, in coordination with the Office of the Chief Economist, for providing policy direction related to the implementation of infrastructure grant programs, credit programs and regulations that impact infrastructure development and operation. The office manages the Secretary of Transportation's popular multimodal discretionary grant programs, including: the Rebuilding American Infrastructure with Sustainability and Equity (RAISE Grants) program, and the new Multimodal Project Discretionary Grant Opportunity (MPDG) which includes the: Mega Grants Program, the Infrastructure for Rebuilding America (INFRA Grants) program, and the Rural Surface Transportation Grants Program. The Office plays the lead role in advising the Assistant Secretary for Transportation Policy and the Under Secretary for Policy on the development of policies related to innovative grant funding and finance.

Last updated: Tuesday, March 22, 2022