FTA Has Funding to Expedite Capital Projects

The Federal Transit Administration said it will make available $225 million in grant funding to be used to expedite completion of new transit capital projects.

The funding is being made available under a pilot program authorized by the Fixing America’s Surface Transportation Act.

Eligible capital projects must use public-private partnerships, be operated and maintained by employees of an existing public transportation provider, and have a federal cost share not exceeding 25 percent of the project cost.

Currently, $100 million of the grant funding is available for allocation. Up to eight projects can be awarded funding.

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