The U.S. President Obama’s Fiscal Year 2017 budget for tranzit projects involves USD 3.5 billion to advance the construction or completion of 31 rail, bus rapid transit and streetcar projects in 18 states. These projects are competitively funded through the Federal Transit Administration’s (FTA) Capital Investment Grant (CIG) Program.
The budget includes first-time funding recommendations for 15 transit projects, that include:
• The Downtown Riverfront tramway project in Sacramento, California, which would connect the urban cores of Sacramento and West Sacramento, serving major destinations in both cities, improving transit options for residents and encouraging transit-oriented development along the route;
• The Red and Purple Line modernization project phase I, in Chicago, Illinois, which would reconstruct 4 Chicago Transit Authority (CTA) stations and track in order to relieve crowding and congestion in one of the transit system’s busiest corridors;
USD 1.38 billion is the FY 2017 budget recommendation for the existing new starts full funding grant ggreements that include projects under construction or open for service. These projects have a total cost valuated at USD 20.3 billion.
For the new starts projects that are not yet under construction grants, the FY 2017 budget budget recommendation is USD 950 million, that have a total cost estimated at USD 12.5 billion.
FTA provides funding for investments such as new and expanded heavy rail, commuter rail, light rail, bus rapid transit and tramway projects. The program includes funding for three categories of eligible projects, as defined by the Fixing America’s Surface Transportation (FAST) Act: New Starts, Small Starts and Core Capacity.
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