Wednesday, February 03, 2010

Budget awards $1.82 billion to 27 big transit projects

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President Obama’s Fiscal Year 2011 budget proposes $1.82 billion in funding for 27 major transit construction projects, including $834.6 million for 19 new projects.

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“From New York City to Honolulu and areas in between, these projects will create jobs, diversify local transit options for consumers, and stimulate economic activity at a critical juncture in our continuing recovery,” said U.S. Transportation Secretary Ray LaHood (pictured at left).

Of the new projects on the list, 10 are new funding recommendations in FY 2011, and nine were recommended for funding in previous years, but still await construction grant agreements.  The plan also provides $924.6 million for the continued funding of eight projects already under construction in New York, Dallas, Denver, Salt Lake City, Seattle, and Northern Virginia.

“Projects like these are at the very heart of President Obama’s agenda to clean up our environment, reduce our dependence on oil from overseas, and put people back to work,” said Federal Transit Administrator Peter Rogoff. “They will give our citizens a way out of punishing traffic jams and improve their quality of life.”

FTA’s Annual Report on Funding Recommendations for FY11 provides information and ratings for all projects in the New Starts and Small Starts programs.