详情

原文传递 BRIDGE PROGRAM FOCUS: The Bridge Formula Program v. the Bridge Investment Program: What's the Difference?

题名：	BRIDGE PROGRAM FOCUS: The Bridge Formula Program v. the Bridge Investment Program: What's the Difference?
正文语种：	eng
作者：	David Lieberman
作者单位：	U.S.Government Relations for Bentley Systems
摘要：	There are two bridge programs, which are part of the bipartisanlnfrastructure Investment & Jobs Act (IIJA). They include: the Bridge Formula Program (BFP) and the Bridge Investment Program (BIP). Although the programs have similar goals, they are different, and their differences are significant if states and localities - not to mention their private sector partners - are to take full advantage of this federal funding. First, it is important to understand the differences. The BFP is a formula-based federal program, while the BIP is a competitive-based - sometimes referred to as "discretionary" - federal program. Understanding the differences between formula grants and competitive grants is also important. A formula grant is exactly what it sounds like; the program's funding is aiven out to states via formula or mathematical calculation. In this case, FHWA distributes funding to each state based on the costs of replacing all highway bridges classified in "poor" condition and the costs of rehabilitating all highway bridges classified in "fair" condition. States then get their allotted amount each fiscal year. Competitive grants, on the other hand, require an application process whereby a federal agency will score each submission against all the others. The applications that score the highest will receive funding. As BIP is a competitive grant program, FHWA is currently seeking applications through a Notice of Funding Opportunity (NOFO).
出版年：	2022
期刊名称：	Roads & bridges
卷：	60
期：	7
页码：	9,49