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The funding, which had been anticipated by M-1 officials, helps to plug what could have been a hole in funding for the streetcar line’s estimated $140-million construction cost and its operating revenues later.
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If the FTA gives the project the full $75-million grant it seeks, that would still leave a funding gap of more than $100 million.
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Entry into the New Starts Engineering phase is the final milestone required before FTA can sign a Purple Line Full Funding Grant Agreement. With this achievement, MTA can start to incur costs that are eligible for federal reimbursement.
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Transit is one of the safest ways to travel in the U.S. According to the National Safety Council, the lifetime odds of being killed as a rail passenger are 1 in 178,000, compared to the 1 in 415 odds of being killed as an occupant of a passenger car. A closer look at recent transit fatality statistics reveals where the problem areas lie. According to FTA statistics, 262 people died in transit-related incidents in 2012 (not including commuter rail systems, which are regulated by the FRA).
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The FTA contributed approximately $32 million toward the $40 million total Silver Line project cost, including $19 million through its Capital Investment Grant Program and $13 million through its Bus and Bus Facilities Grant Program.
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The CTA is the first U.S. transit agency selected for funding through the FTA’s new Core Capacity Grant Program, which is designed to help rail transit providers increase the volume of passengers or trains without expanding the footprint of the system.
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The funds reimburse the Port Authority of New York & New Jersey and New Jersey Transit for capital projects that are already under way under FTA pre-award authority, while also funding other projects that have not yet moved forward.
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Will receive $1.25 billion in construction grant funds from the FTA's Capital Investment Grant Program and up to $856 million from the U.S. DOT's TIFIA loan program.
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Fort Collins, Colo.-based Transfort’s MAX route serves 12 new stations along the Mason Corridor, where roughly 60% of all Fort Collins jobs are located. FTA funded $69.5 million, or 80%, of the total $87 million project.
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Presenting its Recognition Awards for 2014 to MBTA’s Dr. Beverly Scott as Woman of the Year; Jeannie Lee, project manager, OCTA, as Member of the Year; Claudia Folska, PhD, Denver RTD board of directors, the Rosa Parks Diversity Leadership Award, and the FTA as Employer of the Year.
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