The Georgia Transportation Infrastructure Bank (GTIB) is a competitive grant and low-interest loan program available to eligible government units in Georgia. The GTIB program is administered by the Georgia State Road and Tollway Authority (SRTA). Since inception, the bank has provided over $151 million in grants and loans to highly competitive transportation projects that have enhanced mobility and driven economic development in local communities throughout Georgia.
GTIB will accept applications for up to $10 million in loan funding starting September 1, 2020 through October 23, 2020. Awards are expected to be announced in the first quarter of 2021. Applicants will need to complete and submit a loan application and the financial documentation form which can be downloaded here
Preferred applications for this round of funding are those that meet some or many of the below investment objectives (applications do not have to meet all):
- Demonstrate a high degree of local commitment (e.g., matching funds)
- Drive economic development and improve mobility
- Include innovative solutions
- Close to construction
- Demonstrate feasibility
GTIB will also give preference to applications showing that GTIB funds will allow a project to remain on track/schedule (e.g., GTIB funds fill budget gaps, help retain federal funds, etc.).
Eligible applicants include local, regional and state government entities in Georgia, including CIDs. Projects must be motor-fuel-tax eligible (i.e., generally highways and bridges). Eligible costs include preliminary engineering, right of way, and construction costs.
Please contact David Cassell at firstname.lastname@example.org
if you have any questions.