Secretary Ray LaHood Announces $742.5 Million in Federal Recovery Act Funds


05-07-09
Contact: Paul Griffo
Telephone: (202) 366-4064

Transportation Secretary Ray LaHood today announced that transit projects around the country will receive $742.5 million in American Recovery and Reinvestment Act of 2009 (ARRA) funds.

"This money will not only put people back to work and spur the economy, it will also provide an alternative form of transportation for people around the country to get to their homes, work and school," Secretary LaHood said.

The grants will go toward projects for which the Federal Transit Administration has already entered into multi-year federal commitments known as "full funding grant agreements," in Arizona, California, Colorado, New York, Oregon, Texas, Utah, Virginia, and Washington State.

The ARRA grants announced today do not increase the federal commitment to the projects, but expedite funds committed under the agreement between the federal government and the transit agencies.

The arrival of federal funds will allow the transit agencies to save on financing costs while putting additional dollars into the local economy; will supplement local resources, which have declined during the economic downturn, and allow for a quicker investment in the project.

Projects receiving funding are listed below.

 

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