MDOT REPORT

The second edition of the Strategic Multi-Modal Investments Fund (SMIF) is in the books. The total available funds were about $11.3 million. This included $10 Million from the annual legislative appropriation, as well as an additional $1.3 million in interest that had accrued. Across all modes, there were $21 million in SMIF requests. There were 29 applications from airports that totaled about $10 million. Of those, the Mississippi Transportation Commission awarded 14 projects worth about $5.4 million.

The traditional Multi-Modal Transportation Improvement Fund application cycle is underway, with the deadline for application submittal being March 28, 2025. The anticipated timeline will have the Airport Multi-Modal Committee meeting in early May and the awards headed to the Commission for approval in June. The grant agreements would then be sent out to the recipients in advance of the 2026 state fiscal year.