TRAC accepting applications to fund major new capacity projects
Columbus (Thursday, May 26, 2016) – Ohio’s Transportation Review Advisory Council (TRAC) is currently accepting funding applications for projects that meet the criteria of the major new capacity program. Funding applications will be accepted through June 30, 2016.
Realizing the importance of transportation investments and mindful of maximizing the limited amount of transportation dollars available versus the potential project needs, TRAC will consider projects that meet one of the following criteria:
The project is an existing TRAC funded project (Tier I, II or III) and additional funds are needed to advance the project to the next stage of development.
A new project that demonstrates significant impact to jobs, regional economic impact and has significant non-ODOT funding commitments.
Extra consideration will be given to projects with non-ODOT funding commitments in the amount of 30% or greater of the total project cost.