The Biden administration awarded $9.9 billion to state and local transit programs in the latest round of funding from the bipartisan infrastructure law.
The money represents a roughly 30 percent increase over the amounts that transit agencies would receive under the Federal Transit Administration’s existing funding formulas, according to the Department of Transportation. Due to the budget stalemate in Congress, it represents only a partial-year payment for the first five months of fiscal year 2024.
according to the Department of Transportation.
The funds will benefit a wide range of systems: everything from metropolitan areas with hundreds of trains to rural counties that operate a single ride-share van, acting FTA Administrator Veronica Vanterpool said.
“When we invest in public transit, we improve daily life for millions of Americans across the country, and make it easier, safer, and more affordable to get around communities of every size,” Transportation Secretary Pete Buttigieg said in the statement.
