; and (2) shall be— (A) an ongoing project; or (B) a proposed project. (c) Application process (1) In general A project sponsor seeking for a project to be designated as a critical energy infrastructure project shall submit to the Secretaries an application at such time, in such manner, and containing such information as the Secretaries may require. (2) Contents of application (A) Minimum criteria An application submitted under paragraph (1), at a minimum, shall include— (i) a description of the contribution the project will make toward achieving the objective of an Appalachian regional energy hub; (ii) a description of the direct and indirect economic benefits and impacts anticipated to be derived from the project, including the number of jobs to be created that will be held by residents of Appalachia; (iii) the availability of immediate private funding, including loan guarantees, loans, and grants to implement, operate, or maintain the project; (iv) the cost of the project; (v) the amount of Federal or State funding, if any, necessary to implement, operate, or maintain the project