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Despite the growing demand for new rail investments, the strength of federal support will depend on new revenues. Meanwhile, strong local funding continues and private interest increases.
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The Draper Light Rail Project, a 3.8-mile extension, created approximately 2,000 jobs during construction, according to the agency.
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In July, Congress passed a new two-year bill – MAP-21. Highlights contained include an expanded TIFIA program as well as streamlined New Starts and project delivery processes.
Read More →Of the five measures approved by the board of supervisors, one supports an assurance funding plan that will allow the Central Subway to advance if state bond funds earmarked for the project are delayed. The SFMTA board of directors approved a similar measure.
Read More →Approved a $53.4 billion appropriations bill funding investments in the nation's roads, bridges, rail and transit systems, and airports, as well as housing assistance for low-income families and veterans.
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The easing of the fiscal crisis has produced a situation where many deferred or stretched-out projects are now scheduled for service openings in the next two years.
Read More →Issuance of the letter of no prejudice provided the newest indication that the full commitment of federal funding through the FTA's New Starts program may be forthcoming.
Read More →By giving greater emphasis to evaluation criteria concerning environmental benefits and local economic impact, it would be possible for FTA to consider a variety of smaller-scale projects that might better meet a community's needs, including streetcars and rapid bus services.
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New Starts projects tabbed to receive funds include Connecticut's New Britain-Hartford Busway, Denver's 13-station Eagle Commuter Rail project and Seattle's Rapid C bus rapid transit line.
Read More →The grants being awarded will not increase the federal government's overall share in the projects but, instead, a portion of the federal share for each project is being paid earlier than expected because of unallocated funds in FTA's Fiscal Year 2010 budget for new construction.
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