FTA announces $182.4 million in funds for seven major transit projects

The Federal Transit Administration said that it is advancing a total of $182.4 million in New Starts funding for seven transit projects already under construction in New York, Dallas, Salt Lake City, Seattle and Northern Virginia. "By making these payments now, we're not only fulfilling the federal government's commitment to these projects sooner, but we're also giving a well-timed boost to communities that have made an important investment in their transportation infrastructure," said U.S. Transportation Secretary Ray LaHood. "We want to keep the projects moving and people working with these early investments, which will save these cities money over the long haul." The grants being awarded will not increase the federal government's overall share in the projects. Rather, 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. "The advance payments will free up local funds that can now be used for other transit projects that will make it easier for families to get to work, to school and to other important destinations," said FTA Administrator Peter Rogoff. "These advances will also result in the savings of financing costs that local sponsors would have otherwise incurred." These projects-which include subway, light rail and commuter rail-have already been given "full funding grant agreements," documents that establish the federal government's share of funding as well as annual payment schedules. In recent years, the FTA has provided between $1.5 billion and $1.8 billion annually toward new public transportation projects through its New Starts Program, the primary source of federal assistance for local sponsors of transit construction. Dallas - Northwest/Southeast Light Rail Advanced Payment: $17,788,000 New York - Long Island Rail Road East Side Access Advanced Payment: $44,341,000 New York - Second Avenue Subway Advanced Payment: $40,667,000 Northern Virginia - Dulles Corridor Advanced Payment: $19,799,000 Salt Lake City - Mid Jordan LRT Advanced Payment: $20,623,000 Weber County/Salt Lake City, UT - Commuter Rail Advanced Payment: $16,500,000 Seattle - University Link Advanced Payment: $22,686,000