; (B) enable the project to proceed at an earlier date than the project would otherwise be able to proceed or reduce the lifecycle costs (including debt service costs) of the project; and (C) enable any associated project that— (i) captures carbon dioxide from an anthropogenic source or ambient air; and (ii) uses the transportation infrastructure project supported by the CIFIA program. (8) Project readiness To be eligible for assistance under the CIFIA program, the applicant shall demonstrate a reasonable expectation that the contracting process for construction of the project can commence by not later than 90 days after the date on which a Federal credit instrument or grant is obligated for the project under the CIFIA program. (c) Selection among eligible projects (1) Establishment of application process The Secretary shall establish an application process under which projects that are eligible to receive assistance under subsection (b) may— (A) receive credit assistance on terms acceptable to the Secretary, if adequate funds are available (including any funds provided on behalf of an eligible project under paragraph (3)(B)(ii)) to cover the subsidy amount associated with the Federal credit instrument; and (B) receive grants under section 999D if— (i) adequate funds are available to cover the amount of the grant; and (ii) the Secretary determines that the project is eligible under subsection (b) of that section. (2) Priority In selecting projects to receive credit assistance under subsection (b), the Secretary shall give priority to projects that— (A) are large-capacity, common carrier infrastructure; (B) have demonstrated demand for use of the infrastructure by multiple associated projects that capture carbon dioxide from anthropogenic sources or ambient air; (C) enable geographical diversity in associated projects that capture carbon dioxide from anthropogenic sources or ambient air, with the goal of enabling projects in all major carbon dioxide-emitting regions of the United States