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Awards/FORMULA GRANT (A)

$39,520,934

Department of Transportation·Federal Highway Administration

to OREGON DEPARTMENT OF TRANSPORTATION

WORK BEGAN·LATEST ACTION2026-05-19·SOURCEUSASPENDING·SOURCE IDASST_NON_693JJ22530000Y240ORSA00804_069
Award description

PROJECT TITLE: GARVEE SERIES 2024A DEBT SERVICE :::: PROJECT DESCRIPTION: GARVEE SERIES 2024A DEBT SERVICE

Verbatim from USAspending.gov. Capitalization, abbreviations, and codes are unchanged.

The Buildout's read

What the model surfaced from this award

Confidence: high
In plain English

Repayment of GARVEE bonds Oregon issued to accelerate highway projects, funded through federal highway grants

Sub-sectors
highway-infrastructuregarvee-debt-serviceformula-grant
Why this matters

GARVEE financing allows states to accelerate infrastructure investment without waiting for annual federal allocations, essential for highway maintenance

Supply-chain signal

Ongoing debt service signals sustained demand for highway construction, maintenance, asphalt/concrete materials, and engineering services in Oregon

Generated by award_classification v2.1.0 via claude-haiku-4-5-20251001 on 2026-06-13. Cost: $0.010993.

Period of performance
Start
End
2039-12-31
Status
activein 4932 days
Sources

The Buildout does not edit federal records. Any inaccuracy reflects the upstream source; it will update here when corrected there.