The American Rescue Plan Act of 2021 would provide $30.5 billion in emergency funding for the transit industry.
The proposed budget reconciliation title from the House Transportation & Infrastructure Committee would provide the transit industry with $30 billion in emergency funding.
He recently informed the Metro Board that he does not plan to seek a new contract or extend his current contract, which expires in May of this year.
While the much-needed initial rounds of emergency funding through the CARES Act and CRRSAA provided transit agencies across the nation with relief, transit funding needs continue to grow due to ongoing losses of ridership, fare revenue, and state and local tax revenue.
Without additional federal funding many rural and small-urban agencies face major service cuts as CARES Act funding dwindles.
The selected projects include solutions such as implementing new cleaning and disinfecting protocols, contactless payment systems, and modernized data collection.
MTI researchers analyze six possible transportation revenue scenarios to predict the state’s potential economic recovery through 2040.
Funding is provided through the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSAA) (H.R. 133), signed in December.
The project consists of a 26.6-mile second track on NICTD’s South Shore commuter rail line between Gary and Michigan City.
Regaining momentum will take time, but there are some short-term expectations we can look forward to.