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Rail News: Passenger Rail
5/8/2009
Rail News: Passenger Rail
USDOT awards $742.5 million in stimulus funds for 10 passenger-rail projects
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Yesterday, the U.S. Department of Transportation (USDOT) announced it will award $742.5 million in American Recovery and Reinvestment Act (ARRA) funds for 10 transit-rail projects that already have entered into Full Funding Grant Agreements with the Federal Transit Administration.
The ARRA grants do not increase the federal commitment to the projects, but will expedite the funds that have been committed, according to the USDOT. The proceeds will enable the transit agencies to reduce financing costs and speed project investments.
The transit-rail projects receiving the funds include:
• MTA Long Island Rail Road’s East Side Access, $195.4 million;
• Utah Transit Authority’s Mid-Jordan light-rail line, $90.9 million;
• MTA New York City Transit’s Second Avenue Subway, Phase I, $78.9 million;
• Dallas Area Rapid Transit’s Northwest/Southeast light-rail line, $78.4 million;
• Metropolitan Washington Airports Authority’s Dulles Corridor Metrorail extension, $77.3 million;
• Los Angeles County Metropolitan Transportation Authority’s Metro Gold Line Eastside extension, $66.7 million;
• Sound Transit’s University Link light-rail extension, $44 million;
• Regional Transportation District of Denver’s West Corridor light-rail line, $40 million;
• Valley Metro’s Phoenix-Central Phoenix/East Valley light-rail line, $36 million; and
• Tri-County Metropolitan Transportation District of Oregon’s South Corridor I-205/Portland Mall light-rail line, $32 million.
The ARRA grants do not increase the federal commitment to the projects, but will expedite the funds that have been committed, according to the USDOT. The proceeds will enable the transit agencies to reduce financing costs and speed project investments.
The transit-rail projects receiving the funds include:
• MTA Long Island Rail Road’s East Side Access, $195.4 million;
• Utah Transit Authority’s Mid-Jordan light-rail line, $90.9 million;
• MTA New York City Transit’s Second Avenue Subway, Phase I, $78.9 million;
• Dallas Area Rapid Transit’s Northwest/Southeast light-rail line, $78.4 million;
• Metropolitan Washington Airports Authority’s Dulles Corridor Metrorail extension, $77.3 million;
• Los Angeles County Metropolitan Transportation Authority’s Metro Gold Line Eastside extension, $66.7 million;
• Sound Transit’s University Link light-rail extension, $44 million;
• Regional Transportation District of Denver’s West Corridor light-rail line, $40 million;
• Valley Metro’s Phoenix-Central Phoenix/East Valley light-rail line, $36 million; and
• Tri-County Metropolitan Transportation District of Oregon’s South Corridor I-205/Portland Mall light-rail line, $32 million.