US transportation secretary Ray LaHood has confirmed that bids have massively exceeding funding available for the latest round of grants, called Tiger grants, aimed at boosting economic growth.
Applications for the third rounds of Transportation Investment Generating Economic Recovery (Tiger) grants totaled $14.1bn (£8.9bn), far exceeding the £330M set aside for the programme.
“The tremendous demand for Tiger grants clearly shows that communities across the country cannot wait any longer for crucial upgrades to the roads, bridges, rail lines and bus routes they rely on every day,” said LaHood.
This is the third round of Tiger grants that will be competitively awarded to the projects deemed most deserving. In 2009 and 2010, the Department of Transportation received a total of 2,400 applications requesting £48bn, massively exceeding the £1.3bn available.