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Rail News Home Rail Industry Trends

2/9/2005



Rail News: Rail Industry Trends

Bush Administration's FY2006 budget proposes funds for transit projects


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In his fiscal-year 2006 budget, President George W. Bush proposes more than $1.5 billion in multi-year funding commitments for 20 transit projects.

New Full Funding Grant Agreements (FFGA) recommended for FY2006 are:
• $390 million for MTA Long Island Rail Road’s (LIRR) East Side Access project, which would extend LIRR’s system 3.5 miles to Grand Central Terminal on Manhattan’s east side;
• $90 million for the 19.6-mile Central Phoenix East Valley light-rail line, which would run through Phoenix, Tempe and Mesa, Ariz.;
• $55 million for Charlotte Area Transit Systems’ 9.6-mile South Corridor light-rail line, which would run from the city’s central business district to Interstate 485 in south Mecklenburg County; and
• $55 million for the Port Authority of Allegheny County’s North Shore light-rail connector, a 1.5-mile extension of the 25-mile light-rail system that would connect downtown Pittsburgh’s Golden Triangle area to the city’s North Shore, and provide a connection to the convention center downtown.

The administration also recommends the Federal Transit Administration to continue providing funds for projects that have existing FFGA’s, including New Jersey Transit’s Hudson-Bergen extension ($100 million); Bay Area Rapid Transit’s San Francisco Airport extension ($81.2 million); Los Angeles County Metropolitan Transportation Authority’s Metro Gold Line East Side extension ($80 million); Denver Regional Transportation District’s Southeast Corridor light-rail project ($80 million); Sound Transit’s Central Link project ($80 million); and Chicago Transit Authority’s Douglas Branch reconstruction ($45.2 million) and Ravenswood line extension ($40 million).