The US Department of Transportation released a guidance document on completing a benefit-cost analysis (BCA) associated with BUILD grant applications.  The PDF document is here.

DOT notes the information provided in applicant BCAs will be used to help ensure that the available funding under the programs is devoted to projects that provide substantial economic benefits to users and the nation as a whole, relative to the resources required to implement those projects. DOT staff has noted in application debriefs that applicants should utilize BCA information within the application narrative to strengthen the case for the project rather keep the BCA and the narrative separate.

For 2018 BUILD Transportation Discretionary Grants, the U.S. Department of Transportation (USDOT) is offering a series of special topic webinars that delve into various aspects of the BUILD application process. These webinars are recorded and are a resource for anyone considering applying to BUILD this year or those preparing a BUILD application, as the webinars come from the funding source and share the expertise of USDOT to prospective applicants.  The webinars are here.

On June 5 the Senate Transportation, Housing and Urban Development, and Related Appropriations Subcommittee (THUD) approved its FY2019 appropriations bill including funding for transportation infrastructure development.

The bill provides $71.4 billion in discretionary spending for DOT, Housing & Urban Development, and other agencies.  Funding for the entire bill is $1.1 billion above FY2018 enacted levels. The bill will go to the full Senate Appropriations Committee on June 8.

The Federal Transit Administration (FTA) is issuing a final rule describing new, experimental procedures to encourage increased project management flexibility, more innovation in project funding, improved efficiency, timely project implementation, and new project revenue streams for public transportation capital projects. A primary goal of this final rule is to address impediments to the greater use of public-private partnerships and private investment in public transportation capital projects. FTA anticipates using the lessons learned from these experimental procedures to develop more effective approaches to including private participation and investment in project planning, project development, finance, design, construction, maintenance, and operations.

The final rule’s effective date is June 29, 2018.  The final rule is here.