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 $216 million in loans and grants to highly competitive transportation projects that have enhanced mobility and driven economic development in local communities throughout Georgia.SRTA is pleased to announce that funding will be available in 2025! Loan and grant applications will be accepted from November 12, 2024 through January 14, 2025. Awards are expected to be announced in June 2025.
When Applying Please Keep in Mind:
- Applications have been recently updated and can be found within the guideline documentation at the bottom of this page. Please review the guidelines and download the updated application forms.
- Consistent with the Governor’s goals for transportation, GTIB has prioritized investment in rural areas. In the past two rounds, 100% of rural applications have received awards at 100% of requested funding.
- Consider Applying for a Loan!
- Loans have competed better than grants. In the last two rounds of funding, 100% of applications requesting a loan-only and 40% of applications requesting a loan/grant combo received awards, compared to 5% of applications requesting a grant-only.
- GDOT’s Local Maintenance & Improvements Grant (LMIG) funding can be used to repay GTIB loans.
Transportation Alternatives (TA) Program
Do you have a bicycle, pedestrian or other similar non-roadway project? You may also be eligible for GDOT’s Transportation Alternatives (TA) program which provides federal funding for projects that support alternative transportation modes. For additional information on the TA program visit dot.ga.gov/GDOT/Pages/TAP or contact Ben Kane at [email protected]. In addition:
- Communities with less than 5,000 in population may be able to utilize GTIB funding as their local TA match by only applying for a TA grant. Please contact Ben Kane at [email protected] or David Cassell at [email protected].
- Communities with a population over 5,000 will need to apply to GTIB if they wish to utilize GTIB funds as their TA match.
- GDOT’s Local Maintenance & Improvements Grant (LMIG) funding can be used as a match for TA funds.
Prior to applying, please review the Frequently Asked Questions below and the loan and/or grant guidelines below. Still have questions? Not sure if your project is eligible? Not sure if your project will be competitive? We’re here to help! Please reach out to David Cassell at [email protected] to learn more.
FREQUENTLY ASKED QUESTIONS:
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How Much Funding is Available?
Up to $16 million will be awarded.
- Click on “Apply for a GTIB Loan,” “Apply for a GTIB Loan & Grant,” or “Apply for a GTIB Grant,” review the additional details, and click on the application link at the bottom.
- Fill out an application, ensure your governing board authorizes submission of the application, and send all required documents to [email protected]
- Note: Loans must also include the Financial Documentation Form.
- Mail the $250 application fee to SRTA (must be received within 2 weeks of submitting an electronic application).
What Are the Current Interest Rates?
GTIB interest rates are tied to GEFA Georgia Fund rates and are shown below for this round of funding. Applicants selecting a repayment timeframe between the interest rate periods below will be assigned the higher interest rate. For example, an applicant requesting a 7-year repayment period would be assigned the 10-year interest rate of 2.54%.
- 5-Year Loan 2.67%
- 10-Year Loan 2.54%
- 15-Year Loan 2.90%
- 20-Year Loan 3.35%
What are the most recent loan and grant approval rates?
- Grant-Only Applications: 5%
- Loan-Only Applications: 100%
- Applications Requesting Both: 40%
How are applications evaluated?
- Applications are evaluated based on engineering value (e.g., mobility, congestion relief, etc.), economic impact, matching funds and feasibility.
- Still have questions? Not sure if your project is eligible? Not sure if your project will be competitive? We’re here to help! Please reach out to David Cassell at [email protected] to learn more.
What Can I Expect After I Apply?
- GTIB staff may reach out to applicants between the application submission and the expected award date for additional information.
- GTIB expects to notify applicants of awards in June 2025. All applicants will be contacted regardless of award status.
What Can I Expect if I Get an Award?
- 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, awardees can be set up for reimbursement within 3-4 months from announcement.
- GTIB averages 14 days to process valid reimbursement requests.
What Projects and Costs are Eligible?
- GTIB project eligibility is limited to road and bridge projects including associated bicycle, pedestrian and traffic control infrastructure.
- GTIB funds may be utilized for preliminary engineering, right-of-way and/or construction costs.
For additional details and an application please refer to “Apply for a GTIB Loan,” “Apply for a GTIB Loan & Grant,” or “Apply for a GTIB Grant.”
October 2024 Semi-Annual Report
June 2024 GTIB Awards
