Federal Transit Administration Has Awarded $6.7B in Recovery Act Funds To Nearly 600 Transit Providers
The Federal Transit Administration (FTA) last week beat a 1 September deadline to provide all states and local communities with 50% of their Recovery Act transit formula dollars. FTA has provided nearly 90% of its $7.5 billion transit stimulus money to states and local communities. FTA is managing an additional $900 million in discretionary funds for New Starts projects, the Greenhouse Gas and Energy Reduction and Tribal Transit programs and oversight for a total of $8.4 billion.
Since 17 Feb., grants totaling more than $6.7 billion have been made available for transit improvements throughout the country. The majority of these grants will be used to purchase new vehicles, increase safety and security initiatives and construct, rehabilitate, and maintain the various transit systems.
The US Department of Transportation has made $48.1 billion available for highway, road, transit, bridge and airport construction and repairs nationwide. Of that, $26.5 billion already has been obligated to fund more than 7,988 approved projects in 55 US States and Territories. Specific grant information can be found on FTA’s ARRA Grants Digest.