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After receiving nearly $315 million in federal stimulus money during the pandemic, the Greater Cleveland Regional Transit Authority is expecting no service layoffs, furloughs, or service reductions through 2026.
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Issuing Climate Bonds will help WMATA attract more environmentally conscious buyers to increase investor demand and result in a better, more competitive rate for the transit agency.
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Community-focused investments like TOD are integral to the Biden-Harris Administration’s priorities, including connecting communities and reducing the climate impacts of transportation.
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Vehicles in the voucher program include BYD’s entire battery-electric transit bus line and most coaches, as well as Class 8 and Class 6 electric trucks.
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Once the final grant application requirements are set, operators in the motorcoach, school bus, and passenger vessel industries will have a four-week long window to submit applications for $2 billion in funding.
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When asked if the Tampa Bay region would benefit from increased regional transit, regardless of the mode of transportation, 82% agreed or strongly agreed.
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RAISE, formerly known as BUILD and TIGER, has awarded over $8.935 billion in grants to projects in all 50 states, the District of Columbia and Puerto Rico since 2009.
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The full board is expected to approve the committee’s recommendation on April 22.
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As part of the program, MTS will allocate $27.7 million to purchase more electric buses and build charging infrastructure for its zero-emission bus transition plan.
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The four BRT projects receiving allocations are nearing completion of the statutory and regulatory requirements to receive a grant agreement.
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