FTA awards CIG funds to two Texas transit agencies
March 2nd, 2020
March 2, 2020 - ProgressiveRailroading.com -
The Federal Transit Administration (FTA) last week announced that Trinity Metro in Fort Worth and the Metropolitan Transit Authority of Harris County (METRO) in Houston, Texas, will retain a combined $57.4 million of cost savings the administration generated from completed projects in the FTA’s Capital Investment Grant (CIG) program.
The FTA encourages project sponsors in the CIG program — which funds major transit projects — to develop realistic cost estimates when planning a project. Savings to the FTA generated from a completed CIG project can then be considered for use on eligible activities related to the project, FTA officials said in a press release.
Read more: https://www.progressiverailroading.com/passenger_rail/news/FTA-awards-CIG-funds-to-two-Texas-transit-agencies--59876
The Federal Transit Administration (FTA) last week announced that Trinity Metro in Fort Worth and the Metropolitan Transit Authority of Harris County (METRO) in Houston, Texas, will retain a combined $57.4 million of cost savings the administration generated from completed projects in the FTA’s Capital Investment Grant (CIG) program.
The FTA encourages project sponsors in the CIG program — which funds major transit projects — to develop realistic cost estimates when planning a project. Savings to the FTA generated from a completed CIG project can then be considered for use on eligible activities related to the project, FTA officials said in a press release.
Read more: https://www.progressiverailroading.com/passenger_rail/news/FTA-awards-CIG-funds-to-two-Texas-transit-agencies--59876