News | April 11, 2019

FTA announces funding allocations to 16 transit projects

The agency is allocating $1.36 billion in federal funding through the Capital Investment Grants Program

bus rapid transit project funding

The U.S. DOT’s Federal Transit Administration (FTA) recently announced a total of $1.36 billion in federal funding allocations to 16 new and existing transit projects in the Capital Investment Grants (CIG) Program.

 

FTA is allocating approximately $424.8 million in appropriated FY 2018 CIG funding to two projects that have existing construction grant agreements and five new projects, subject to further review and approval, that are nearing readiness for consideration to receive such an agreement. In addition, FTA is allocating $936 million in appropriated FY 2019 CIG funds to nine projects with existing construction grant agreements. 

 

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 the law in order to be eligible for consideration to receive program funds. With this announcement, FTA has advanced funding for 22 new CIG projects throughout the nation under this administration since January 20, 2017, totaling approximately $5.06 billion in funding commitments.

 

The five new CIG projects included as part of today’s announcement are: the First Coast Flyer Southwest Corridor Bus Rapid Transit (BRT) project in Jacksonville, Fla.; the Virginia Street Corridor BRT project in Reno, Nev.; the River Corridor/Blue Line BRT project in Albany, N.Y.; the Division Transit BRT project in Portland, Ore.; and the Central City Line BRT project in Spokane, Wash.

 

FTA indicated its intent to fund these and existing CIG projects through updated allocation notices for FY 2018 and FY 2019 CIG funding appropriated by Congress. Funding for new CIG projects will be awarded once the project sponsors complete the rigorous CIG program steps outlined in the law and FTA signs construction grant agreements with the project sponsors.

 

---------

Source: Federal Transit Administration

Overlay Init