Tuesday, November 5

DOT awards $3.3 B to reconnect neighborhoods, provides financing for other transport jobs

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Dive Brief

President Biden’s 2025 budget plan for transport calls for $4 billion for big transit jobs and $1.2 billion for the usage of low-embodied-carbon products.

Released March 14, 2024

Transport Secretary Pete Buttigieg advised 14 big transit tasks for financing in President Biden’s 2025 spending plan demand. Kevin Dietsch through Getty Images

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Dive Brief:

  • The Biden administration made a series of transport financing statements in current days, starting Monday when Transportation Secretary Pete Buttigieg suggested that 14 big transit jobs in 11 states get almost $4 billion in President Joe Biden’s 2025 budget plan demand to Congress.
  • On Tuesday, the Federal Highway Administration started accepting applications for $1.2 billion in moneying to minimize air contamination and greenhouse gas emissions through the Low Carbon Transportation Materials program, which the Inflation Reduction Act developed.
  • The U.S. Department of Transportation followed Wednesday by granting $3.3 billion to 132 tasks through the Reconnecting Communities Pilot and Neighborhood Access and Equity discretionary grant programs.

Dive Insight:

While the FHWA and DOT programs are moneyed under existing appropriations, the $4 billion transit financing suggestion goes through future congressional spending plan settlements. That financing becomes part of President Biden’s $7.3 trillion FY25 budget plan demand, of which $109.3 billion would go to the DOT. The department advised 7 jobs to get capital expense grants for the very first time:

  • $263.7 million for commuter rail service in between downtown Miami and the city of Aventura, Florida.
  • $138.3 million for the North-South Bus Rapid Transit task in Chapel Hill, North Carolina, which will link riders to activity and task centers.
  • $134.7 million for VIA Metropolitan Transit to supply bus fast transit linking the Alamo, San Antonio Riverwalk, University of Texas San Antonio downtown school and downtown San Antonio.
  • $500 million for the Transbay Downtown Extension job, which will extend Caltrain commuter rail service to the Salesforce Transit Center in main San Francisco.

Other suggested jobs consist of $315.7 million for the Westside Purple Line extension in Los Angeles, $496.8 million for the Second Avenue Subway Phase 2 task in New York City, and $350 million for the Red Line extension task in Chicago. The suggestions likewise consist of $700 million for the Hudson Tunnel job serving New Jersey Transit and Amtrak trains.

Low Carbon Transportation Materials program

This program will be moneyed in 2 tranches, with the very first $1.2 billion offered to states, the District of Columbia and Puerto Rico for jobs that utilize low-embodied-carbon products and items to lower contamination and carbon emissions. Later on this year, the FHWA will make $800 million offered to cities, people, urbane preparation companies and other firms.

In addition to moneying cleaner building products for transport jobs, funds can be utilized to establish requirements for low-embodied-carbon products that guarantee sufficient engineering efficiency on jobs that get federal help.

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