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The Charlotte Area Transit System (CATS) recently obtained a $193 million Full Funding Grant Agreement from the Federal Transit Administration to help fund the South Corridor light-rail line.
When complete in spring 2007, the 9.6-mile line will run from downtown Charlotte to Interstate 485, and include 15 stations.
In addition to the federal grant, the $426.8 million project will be funded through a state of North Carolina grant and half-cent sales tax, which was approved by Mecklenburg County voters in 1998 to support CATS’ 2025 Transit Land Use Plan.
In conjunction with the project, local developers are building new homes, and retail and office buildings near the alignment.
5/13/2005
Rail News: Rail Industry Trends
Charlotte agency receives $193 million FTA grant for light-rail line
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The Charlotte Area Transit System (CATS) recently obtained a $193 million Full Funding Grant Agreement from the Federal Transit Administration to help fund the South Corridor light-rail line.
When complete in spring 2007, the 9.6-mile line will run from downtown Charlotte to Interstate 485, and include 15 stations.
In addition to the federal grant, the $426.8 million project will be funded through a state of North Carolina grant and half-cent sales tax, which was approved by Mecklenburg County voters in 1998 to support CATS’ 2025 Transit Land Use Plan.
In conjunction with the project, local developers are building new homes, and retail and office buildings near the alignment.
