The Department of
Transportation (DOT) annually funds approximately $80 billion in:
-
Grants;
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Cooperative agreements;
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Loans; and
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Other transactions.
Guidance for departmental formula and
discretionary grant programs is contained in their authorizing
legislation, program regulations, or departmental regulations. Generally
guidance includes general project management requirements and
limitations, if any, on spending authority. Departmental
grants are generally made to state and local governments. These grants are normally used to assist these
entities in the planning, design, and construction of transportation
improvements (e.g. highway, transit, and airport improvements).
Funding is also available for research and development
projects.
