Opportunity Information: Apply for DOTBAB01062022
The Regional Infrastructure Accelerator (RIA) Program Notice of Funding Opportunity is a U.S. Department of Transportation initiative, issued by the Build America Bureau within the Office of the Under Secretary for Policy, that funds the designation and operation of a Regional Infrastructure Accelerator as part of a federal demonstration program authorized by Section 1441 of the FAST Act. The central purpose is to help public-sector partners and other qualified entities in a defined region sharpen their infrastructure priorities and develop stronger, more workable financing strategies so that major transportation projects can move from concept to delivery faster. The program is explicitly tied to projects that are eligible for the Transportation Infrastructure Finance and Innovation Act (TIFIA) credit program under Chapter 6 of Title 23, meaning the accelerator is meant to push projects toward readiness for federal credit assistance and other advanced financing tools.
This opportunity is structured as a discretionary award using a cooperative agreement, which typically indicates an ongoing partnership style of federal involvement rather than a one-time grant with minimal interaction. The NOFO seeks applications to both designate and fund an RIA that will serve a specific geographic area and operate as a regional resource hub. In practical terms, the funded accelerator is expected to provide hands-on support to entities within its region by improving project planning and prioritization, helping sponsors understand and assemble finance plans, and building pathways to accelerate delivery for eligible infrastructure projects.
A key feature of the NOFO is its emphasis on innovative financing, not just traditional grants. The accelerator is intended to demonstrate measurable effectiveness in speeding up project delivery by helping sponsors access and use Build America Bureau tools, especially TIFIA credit assistance. Where applicable, it also aims to connect projects to additional financing mechanisms such as the Railroad Rehabilitation and Improvement Financing (RRIF) program, Private Activity Bonds (PABs), and other innovative methods that can complement or leverage public funding. In other words, the RIA is designed to be a catalyst that increases the number and quality of projects that are finance-ready, creditworthy, and positioned to close funding gaps through federal loans, loan guarantees, and bond financing strategies.
The funding for this demonstration was supported by the Further Consolidated Appropriations Act, 2020, which provided $5 million for the program. The opportunity listing reflects an award ceiling of $5,000,000, indicating the maximum amount available under the NOFO. The CFDA (assistance listing) number associated with the program is 20.223, and the activity category is transportation, reinforcing that the program is focused on transportation-related infrastructure development and delivery support rather than construction funding for a single project.
Eligibility is described broadly as "Others" while also emphasizing public entities, suggesting the program is primarily oriented toward public-sector-led regional efforts (for example, multi-jurisdictional coalitions, regional planning or transportation bodies, or similar entities capable of serving as a centralized technical and financing resource). The application deadline in the source data is April 11, 2022, and the opportunity is identified by funding opportunity number DOTBAB01062022, with a creation date of January 6, 2022. Overall, the NOFO is best understood as a capacity-building and project-acceleration investment: it funds a regional entity to provide structured, expert assistance that improves financing strategies and speeds the path to delivery for transportation projects that can utilize TIFIA and related federal credit and bond programs.Apply for DOTBAB01062022
- The 69A345 Office of the Under Secretary for Policy in the transportation sector is offering a public funding opportunity titled "Regional Infrastructure Accelerator Program Notice of Funding Opportunity" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 20.223.
- This funding opportunity was created on 2022-01-06.
- Applicants must submit their applications by 2022-04-11. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $5,000,000.00 in funding.
- Eligible applicants include: Others.
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