Contact: Paul Griffo
Project Will Increase Transportation Options, Spur Development
WASHINGTON – Progress continues on the Union Passenger Terminal/Loyola Loop Streetcar project thanks to a signed grant agreement between the Federal Transit Administration (FTA) and the New Orleans Regional Transportation Authority, U.S. Transportation Secretary Ray LaHood announced today. The project received $45 million from the American Recovery and Reinvestment Act’s TIGER (Transportation Investment Generating Economic Recovery) program.
“This Recovery Act money means more jobs for workers in New Orleans, and greater access to the central business district, where the jobs are,” Secretary LaHood said. “And for those traveling outside the city, it will provide a seamless link to Amtrak trains, as well.”
The Terminal is a major southern hub for Amtrak, with three trains serving the station. Secretary LaHood and FTA Administrator Peter Rogoff visited New Orleans just over a year ago to announce $280 million the Obama Administration made available for streetcars and other urban circulator projects.
The Union Passenger Terminal/Loyola Loop Streetcar will run through New Orleans’ central business district along Loyola Avenue from the Union Passenger Terminal to Canal Street.
“Not only will this project create much-needed jobs for the workers of New Orleans, but it will also expand the streetcar network to new communities and stimulate development and job creation along Loyola Avenue,” Rogoff said.
The Loyola Avenue corridor is home to significant commercial and business activity, including the city’s energy, government, health care, financial and entertainment sectors.
In addition to the New Orleans streetcar, transit projects in Detroit, Tucson, Ariz., Dallas, Portland, Ore., and the Washington, D.C. area were recently awarded grants ranging from $23 million to $63 million from the Recovery Act’s TIGER program.