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The approval moves the project forward in the capital grants program.
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In the coming months, the agency will continue intensive work to advance its federal grant application.
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The agency has advanced funding for 22 new CIG projects throughout the nation since Jan. 20, 2017.
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The 4.1-mile streetcar line connecting riders to major activity centers and other transportation services in downtown Santa Ana.
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The approval also clears the way for Metro to take advantage of highly competitive tunnel contract bids, which have come in lower than expected.
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A discussion with FTA Acting Administrator K. Jane Williams.
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Must finalize a FFGA before its can access the first $200M of the $1.17 billion grant.
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The 13.1-mile project will connect the Indianapolis central business district with the Village of Broad Ripple to the north and the University of Indianapolis to the south.
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It will serve the University of New Mexico, regional medical facilities, entertainment, shopping, and recreational destinations.
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Construction is expected to begin in Fall 2018, with revenue service targeted for 2022.
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