The Federal Transit Administration (FTA), via the CARES Act, recently allocated a total of $25 billion in Federal funding to help the Nation’s public transportation systems respond to COVID-19.
FTA is allocating the $25 billion to recipients of urbanized area and rural area formula funds, with $22.7 billion allocated to large and small urban areas and $2.2 billion allocated to rural areas. Funding will be provided at a 100% Federal share, with no local match required, and will be available to support capital, operating and other expenses generally eligible under those programs to prevent, prepare for and respond to COVID-19.
Full story:
FTA is allocating the $25 billion to recipients of urbanized area and rural area formula funds, with $22.7 billion allocated to large and small urban areas and $2.2 billion allocated to rural areas. Funding will be provided at a 100% Federal share, with no local match required, and will be available to support capital, operating and other expenses generally eligible under those programs to prevent, prepare for and respond to COVID-19.
Full story:
FTA Allocates $25B for Public Transportation - Railway Age
The Federal Transit Administration (FTA), via the CARES Act, recently allocated a total of $25 billion in Federal funding to help the Nation’s public transportation systems respond to COVID-19.
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