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 $182 million in grants and loans to highly competitive transportation projects that have enhanced mobility and driven economic development in local communities throughout Georgia.
GTIB awards for 2022 were announced at the SRTA Board of Directors meeting on April 4, 2022. Click here 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. Please contact email@example.com for more information.
- 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:
- Demonstrate a high degree of local commitment (e.g., matching funds, inclusion in local, regional and/or state plans).
- Address critical local and state transportation needs including economic development and mobility.
- 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.
- Provide an easily understandable process that is fast, predictable, and reliable from application to reimbursement.
- 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 schedule to begin drawing down funds. If a loan awardee desires to draw down funds immediately, loan contracts will be prioritized above grants and sent to awardees as quickly as possible.
- GTIB averages 14 days to process valid reimbursement requests.
- Eligible Applicants include local, regional and state government entities in Georgia, including CIDs. 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. Expenses incurred prior to the contract effective date cannot be reimbursed by GTIB unless such expenses are expressly authorized in advance and in writing by GTIB.
- 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. Don’t know if your project’s eligible? Call us at 404-893-6186.