DOT Announces $500M TIGER Project Financing Round

Law360, New York (January 31, 2012, 7:28 PM EST) -- The U.S. Department of Transportation will make an additional $500 million in financing available under a transportation investment grant program, the department said Tuesday.

Transportation Secretary Ray LaHood announced the financing under the Transportation Investment Generating Economic Recovery (TIGER) program, the fourth round of financing under TIGER.

The financing will be available for surface transportation projects that have a significant impact on a region, a metropolitan area or the nation as a whole, the DOT said.

LaHood said in a statement that the investment is an...
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