Valley Metro, in partnership with the city of Tempe, Ariz., has received the full $75 million in funds allocated through the Federal Transit Administration’s (FTA) Capital Investment Grants (CIG) in support of the Tempe Streetcar project.
The transportation authority’s project received $50 million from the FTA in 2017. With the approval of the final $25 million grant installment, the project will move forward with a fully funded grant, officials said.
“These significant investments in the public transit systems in five communities across the country will improve mobility for riders who depend upon public transit every day,” said U.S. Transportation Secretary Elaine L. Chao.
The CIG Program provides funding for major transit infrastructure capital investments throughout the U.S. Officials said projects that gain acceptance into the program are required to go through a multi-year, multi-step process to be considered as a funding recipient.
Tempe Mayor Mark Mitchell explained that he believes the Tempe Streetcar is essential to the growing city’s success.
“[The] announcement shows we have a strong project with federal, community and regional support,” Mitchell said.
The Tempe Streetcar is a three-mile route that stretches along Mill and Ash avenues, Rio Salado Parkway and Apache Boulevard, connecting to the current light-rail system and taking riders to neighborhoods, business centers and event destinations.
“I want to thank Secretary Elaine Chao and FTA Acting Administrator K. Jane Williams for their partnership in advancing the Tempe Streetcar,” said Valley Metro CEO Scott Smith. “This transformative project will benefit all of Tempe – businesses, students and residents alike through advanced mobility and the creation of jobs.”
Tempe Streetcar is currently undergoing construction work and is set to open in 2021.