FTA provides $891M for 12 transit infrastructure projects across the U.S.
The Federal Transit Administration (FTA) recently announced a total of $891 million in federal funding will be provided to 12 transit infrastructure projects.
The allocations of funding across the country will be used to advance the readiness of projects for a construction grant agreement or a Full Funding Grant Agreement (FFGA). Funding is provided through FTA’s Capital Investment Grants (CIG) Program.
FTA is allocating $27 million in appropriated FY 2018 CIG funding, $526.5 million in appropriated FY 2019 CIG funding, and $337 million in appropriated FY 2020 CIG funding to 12 projects. The projects must meet additional requirements in law before a grant can be awarded.
With this announcement, FTA has advanced funding for 35 new CIG projects throughout the nation since 2017, totaling approximately $8.5 billion in funding commitments.
“Supporting rail and bus rapid transit projects across the nation will help communities improve transit service as they address the impacts of COVID-19 and recover from this public health emergency,” FTA Acting Administrator K. Jane Williams said in a statement.
The CIG Program provides funding for major transit infrastructure capital investments nationwide. Projects accepted into the program must go through a multi-year, multi-step process according to requirements in law to be eligible for consideration to receive program funds.
The full list of funding recipients can be found on FTA's website.
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SOURCE: Federal Transit Administration