The Georgia Transportation Infrastructure Bank (GTIB) is a grant and low-interest loan program administered by the State Road and Tollway Authority (SRTA). Since inception, GTIB has provided over $124 million in grants and loans to highly competitive transportation projects that have enhanced mobility in local communities throughout Georgia.
GTIB awards for 2018 were announced at the SRTA Board of Directors meeting on June 19, 2018. Click for a list of awards. Although GTIB is not accepting grant and loan applications at this time, GTIB staff are always available to discuss potential projects and future funding availability.
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- Make an additional funding resource available to government entities, particularly at the local level, in order to accelerate transportation project delivery.
- Invest 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
- Provide an easily understandable process that is fast, predictable and reliable from application to reimbursement.
Eligible applicants include local, regional and state government entities in Georgia, including CID’s. Projects must be motor-fuel-tax eligible (i.e., generally highways and bridges). Eligible costs include preliminary engineering, right of way, and construction costs. See below for more detailed definitions.
Eligible Borrower/Applicant means 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. All eligible borrowers must apply for eligible projects.
Eligible Costs are 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 currently 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
- Grant contracts will be sent out for signature along with associated closing documents within approximately 4 weeks of announcing awards. Awardees typically take 2-3 months to return all documents. If this timeframe is met, grants can be set up for reimbursement within 4-5 months from announcement. Loan processing time is contingent upon awardee’s desire to begin drawing down funds.
- GTIB awardees must incur expenses prior to submitting a draw request for GTIB funds.
- GTIB averages 14 days to process valid reimbursement requests.