Georgia Transportation Infrastructure Bank Grant and Loan Program
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 2010 GTIB has awarded $125 million in grants and loans to eligible transportation projects throughout the state. SRTA is pleased to announce additional funding will be available in 2019; applications will be accepted from August 15, 2019 through October 15, 2019. Please submit all applications electronically to GTIBinfo@srta.ga.gov. Awards are expected to be announced in January or February 2020.
All projects submitted must be motor fuel tax eligible (examples include improvements to public roads and bridges and associated bike, pedestrian and traffic control infrastructure). Reimbursable expenses include preliminary engineering, right of way acquisition and construction costs. Additional details for interested applicants can be found below.
What’s New for 2019:
- Preferred Applications:
- Loans and loan/grant combinations (for the same project).
- Grants providing significant matching funds and economic development benefits.
- Applicants low on matching funds should consider requesting a loan which counts as match for the grant.
- GTIB loan awardees will no longer accrue interest in the draw down phase. Loan awardees will pay less interest than ever when repaying loans according to their agreed upon schedule.
- Applications have been revised slightly to streamline information requests.
GTIB Invests in Projects That:
- Address critical local and state transportation needs including economic development and mobility.
- Demonstrate a high degree of local commitment.
- Include innovative transportation solutions.
- Are close to the start of, at, or under construction.
- Demonstrate a high degree of feasibility.
Projects do not have to meet all of the above criteria to be considered for award but those that do will be the most competitive for grants. Projects that address one or only a few of these criteria are better candidates for loans.
Costs to Apply:
The cost to apply for a grant or loan is $250 per application. Applicants may submit more than one application.
Eligible Applicant: A government unit including a municipal corporation, county, community improvement district, including combinations of two or more of these entities, acting jointly to construct, own or operate a qualified project, or any other state authority, board, commission, agency, or department which may construct, own, or operate a qualified project.
Eligible Costs: Costs related to preliminary engineering, traffic and revenue studies, environmental studies, right of way acquisition, legal and financial services associated with the development of the qualified project, construction, construction management, facilities, and other costs necessary for the qualified project.
Eligible Projects: Are restricted to those roadway projects that satisfy the requirements of being “motor-fuel tax eligible”; as set forth in O.C.G.A. §32-1-1et seq.