Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
NOVEMBER 17, 2022
Subject
SUBJECT: THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) FIVE-YEAR IMPLEMENTATION PLAN
Action
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE Metro's Infrastructure Investment and Jobs Act (IIJA) Five-Year Implementation Plan, included as Attachment A.
Issue
ISSUE
Staff has developed the Infrastructure Investment and Jobs Act (IIJA) Five-Year Implementation Plan ("the Plan") to identify eligible candidate projects and to position them strategically for competitive grant applications when they are sufficiently ready. The Plan will help Metro prepare for upcoming grant cycles, obtain early feedback from Metro project managers, and potentially maximize the amount of funding received.
Background
BACKGROUND
On November 15, 2021, President Biden signed into law the IIJA (also known as the Bipartisan Infrastructure Law or BIL). The IIJA makes available more than $550 billion for transportation investments over the five-year period from Federal Fiscal Year (FFY) 2022 through FFY 2026 for existing and new discretionary and formula grant funding opportunities administered on annual application cycles. Metro is eligible for many of the existing and new grants in the IIJA.
The Plan identifies the schedule of upcoming IIJA discretionary grant programs and pairs them, preliminarily, with Metro candidate projects. The Plan will help best position Metro to obtain the funding in the IIJA critical to addressing the funding need in Metro's growing capital program. This item fulfills staff's promise to return with a strategic plan to secure funding from the IIJA within a year of its passage.
Discussion
DISCUSSION
Metro has already submitted grant applications for several IIJA programs. Through October 2022, Metro has pursued eleven federal competitive funding opportunities (see Table 1) and was successful in attaining a $104.16 million grant award from the Low ...
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