Rail

FTA, ARRA to fund ARC project

Posted on June 8, 2009

On Monday, Federal Transit Administrator Peter Rogoff announced that his agency will make a “down payment” toward an eventual commitment of $3 billion by approving a $1.35 billion Early Systems Work Agreement (ESWA) to immediately commence work on the Access to the Region’s Core. 

 

The agreement includes $650 million in federal funds, including funds from the American Recovery and Reinvestment Act, matched by an equal amount of local funding.

 

“This project has been talked about for decades. Because of New Jersey’s leadership and President Obama’s recovery agenda, today the talk stops and the construction begins,” Rogoff said. “The Obama Administration is committed to being a full partner in this historic investment.  It will put thousands of people to work.  It will improve the lives of many thousands more by shortening their commute.” 

 

Rogoff said that the administration intends to enter into a full funding grant agreement to provide $3.0 billion in discretionary FTA New Starts funds for the $8.7 billion project. The nine-mile commuter rail extension will consist of two new tunnels under the Hudson River, new rail tracks between Secaucus Junction and New York’s Penn Station, and a new rail station underneath 34th Street in midtown Manhattan. 

 

The project will allow NJ Transit to double rail service capacity into Manhattan, free up capacity for Amtrak, and reduce travel times and crowding on trains and at Penn Station. 

 

The ESWA will help NJ Transit meet key milestones and keep the project on schedule and within budget by allowing the immediate use of federal and local funds for tunneling and related construction work.

View comments or post a comment on this story. (0 Comments)

More News

MDOT, MTA bring Zipcar to select transit stops

Transit riders now will have daily, on-demand access to a vehicle to reach their final destination, which will help improve carbon emissions, among other benefits. 

'Innovative' project delivery, P3s being evaluated for KC streetcar

RFI issued to generate information regarding options to support streetcar operations and a new extension.

10 new BART railcars approved for service

BART's $2.6 billion contract with Canadian manufacturer, Bombardier, requires delivery of 150 new railcars every year. 

Why trains in Japan will bark like a dog and snort like a deer

Hundreds of deer stray onto train tracks every year causing widespread rail disruption.

Netflix and terrorism blamed for London Tube ridership decline

Ridership on the London Underground has dropped for the first time in more than 20 year.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close