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11/16/2021
New funding provided under the Infrastructure Investment and Jobs Act that President Biden signed yesterday will help transit agencies reduce the current maintenance backlog by 15% and replace more than 500 aging subway, light-rail and commuter-rail cars, according to the Federal Transit Administration (FTA).
After Biden signed the legislation, the FTA announced key priorities and historic funding amounts for public transportation. The law authorizes up to $108 billion, including $91 billion in guaranteed funding for public transportation — the most significant federal investment in transit in the nation’s history.
"As the transit industry renews ridership, this historic support will help us transform the way we plan and use public transportation in the United States,” said FTA Administrator Nuria Fernandez in a press release. "Long-overdue investments in transit infrastructure will deliver new and expanded public transit services, especially in communities that have suffered from historical funding inequities."
Key funding levels and programmatic changes for public transportation in the law over a five-year period (fiscal years 2022 to 2026) include:
In addition, the law creates four new competitive grant programs, including a guaranteed: