President Bush signed the Safe, Accountable, Flexible and Efficient Transportation Equity Act of 2005: A Legacy for Users (SAFETEA-LU) during a ceremony this week in Aurora, Ill.
Approved by Congress on July 29, the bill provides $286.5 billion for transit and highway projects during the next six years.
SAFETEA-LU includes $52.6 billion in guaranteed funding for public transportation projects through 2009.
"[This] is an historic moment that will make a positive difference for all Americans," said Bill Millar, president of the American Public Transportation Association and an attendee at the signing ceremony. "Public demand for transit is on the rise and this legislation will give a much needed boost to meet the needs of a growing public transportation system."