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Transportation Investment Generating Economic Recovery (TIGER)
Practical Law Glossary Item 4-518-1772 (Approx. 3 pages)
Glossary
Transportation Investment Generating Economic Recovery (TIGER)
Also known as the TIGER Discretionary Grant program. A program established under the American Recovery and Reinvestment Act of 2009 (ARRA) to provide competitive grants to state and local governments to finance surface infrastructure projects that have a significant effect on the US, a region, or a metropolitan area. These grants are managed by the US Department of Transportation. There have been four rounds of TIGER financing:
- TIGER I provided $1.5 billion for shovel ready projects.
- TIGER II, announced in October 2010, made $600 million available in additional transportation financing. Up to $150 million under the program can be used as funds for financing transportation projects under the Transportation Infrastructure Finance and Innovation Act program.
- TIGER III, announced in June 2011, made $526.944 million available for qualifying projects.
- TIGER IV, authorized in November 2011, made $500 million available for capital investments in surface transportation projects.