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Rail News: Passenger Rail
9/1/2009
Rail News: Passenger Rail
FTA doles out major chunk of ARRA transit formula dollars
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Last week, the Federal Transit Administration (FTA) reached an American Recovery and Reinvestment Act (ARRA) milestone — the agency beat the Sept. 1 deadline for providing at least half of ARRA transit formula dollars to states and local communities.
The FTA already has provided about 90 percent of the $7.5 billion available in transit stimulus dollars. The agency also continues to issue grants from $900 million allocated in discretionary funds for New Starts projects, and the Greenhouse Gas/Energy Reduction and Tribal Transit programs.
Since ARRA was enacted in February, the FTA has provided grants totaling more than $6.7 billion to about 600 transit providers nationwide for various system improvements. Proceeds are being used to purchase new vehicles, increase safety and security, and construct, rehabilitate and maintain transit systems.
The FTA already has provided about 90 percent of the $7.5 billion available in transit stimulus dollars. The agency also continues to issue grants from $900 million allocated in discretionary funds for New Starts projects, and the Greenhouse Gas/Energy Reduction and Tribal Transit programs.
Since ARRA was enacted in February, the FTA has provided grants totaling more than $6.7 billion to about 600 transit providers nationwide for various system improvements. Proceeds are being used to purchase new vehicles, increase safety and security, and construct, rehabilitate and maintain transit systems.
