The listed projects, which require a local funding match, seek funding through the FTA Capital Investment Grants (CIG) and Expedited Project Delivery (EPD) Pilot programs. Building on the President’s strong record of fiscal responsibility, the Budget more than fully pays for its investments-reducing deficits by nearly $3 trillion over the next decade by asking the wealthy and big corporations to pay their fair share. The Fiscal Year 2024 Annual Report on Funding Recommendations accompanies President Biden's FY 2024 Budget Request. More transit means more access for everyone – to economic opportunities and services essential for daily life – as well as reducing the greenhouse gas emissions that cause climate change. The projects will improve how people travel in their communities, create and sustain jobs in construction and operations, and help communities provide better, more frequent transit service. "We're proud to deliver this funding to expand transit across the country, which will create good-paying construction jobs and provide better options for people to get where they need to go." "Transit connects people to jobs, schools, loved ones and more," said U.S. This funding will help improve transit access to the millions of Americans who depend on it every day, help reduce emissions, and create good-paying construction jobs across the country. In addition to recommendations for FY 2024 funding, FTA has allocated $1.1 billion in FY 20 funding to 31 transit projects nationwide. Others on the list are already under construction or far along in the planning process. Nine of those projects would receive funding recommendations for the first time. These large rail and bus rapid transit (BRT) projects were recommended to receive federal support in President Biden's Fiscal Year (FY) 2024 Budget Request to Congress. WASHINGTON – Today, 18 large transit projects in 11 states across the nation were recommended to receive $4.45 billion for construction by U.S. Projects from Hudson Tunnel to New Bus Rapid Transit Lines Will Build Community-Defining Transit to Move Millions of Americans
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