Billions Set Aside for Public Transit Projects
Monday, February 16, 2009 6:11 PM
When President Obama signs the economic stimulus package tomorrow, it will release $787 billion in federal funding to cities and states already scrambling for their share of the money.
The American Recovery and Reinvestment Act passed by Congress last week provides $8.4 billion for investments in public transportation projects. Of that $8.4 billion, $6.9 billion will be given to public transit systems through the Federal Transit Administration's current formulas and processes, according to the American Public Transportation Association (APTA). The balance of $1.5 billion will be set aside for grants for major new projects and for modernizing the urban rail system in this country.
That's good news for all transit agencies.
"Setting the course for years to come, this legislation will begin to craft a greater Intermodal transportation system that our nation desperately needs," said William W. Millar, APTA president, in a statement.
Here at METRO, we have asked for $410 million to jumpstart work on the North and Southeast lines - two of the five light-rail lines we expect to complete by 2012. Eleven days ago, Frank J. Wilson, METRO's president & CEO, three METRO board members - along with locally elected officials - met with federal leaders, including Rep. James Oberstar (D-Minn.), who promised to work with Houston officials and the FTA to push the project along.
In the House version of the bill, METRO stands to gain as much as $180 million over the next 12 months to launch construction on the North and Southeast lines. While there were no guarantees, Oberstar called this "a project in very good standing."
Transit projects mentioned in the economic stimulus bill include:
- $8 billion for high-speed rail corridors.
- $1.3 billion for Amtrak.
- $1.5 billion for a new, intermodal discretionary program that can be used for public transportation, highways, bridges, freight rail and ports.
Separately, APTA reports, an additional $150 million for rail and transit security grants is provided in the bill.
The American Association of State Highway and Transportation Officials says it has identified 5,000 "shovel-ready" projects nationwide.
Meanwhile, state officials are poring through the 1,000-page federal bill, to see if they qualify for immediate funds or not.