U.S. Department of Transportation Launches ARRA Bonding Assistance Reimbursable Fee Program for Disadvantaged Business Enterprises

The U.S. Department of Transportation (DOT), Office of the Secretary (OST), Office of Small and Disadvantaged Business Utilization (OSDBU) is pleased to announce the availability of the Disadvantaged Business Enterprise (DBE) American Recovery and Reinvestment Act (ARRA) Bonding Assistance Reimbursable Fee program (BAP). Pursuant to ARRA, DOT was appropriated a combined $48.1 billion in funding for the purpose of stimulating the economy, creating jobs and investing in the nation’s transportation infrastructure. ARRA also appropriated $20 million to the DOT for DBE bonding assistance.

 

Under the DBE ARRA BAP, DOT will provide direct reimbursement of bonding premiums and fees incurred by DBEs competing for, or performing on, eligible transportation infrastructure projects receiving DOT ARRA funding.  Applications must be received by mail or electronically transmitted to OSDBU on or before September 8, 2010 for bond issue dates for ARRA projects on or after August 28, 2009.

 

More information including the application and instructions is available at http://www.dot.gov/recovery/ost/osdbu/   or by email at bap.arra@dot.gov. 

 

Technical assistance is available from OSDBU Headquarters at 1-800-532-1169 or through the regional DOT Small Business Transportation Resource Centers. To contact the center near you call 1-866-928-6289 or visit www.osdbu.dot.gov/regional/all.cfm.