FTA grants USD 700M to fund transit stock
Posted on 15th May 2023 at 10:51
The US Federal Transit Administration has announced grants totalling USD 703.1M to help fund rolling stock renewal at six agencies under the Rail Vehicle Replacement Programme funded under the Bi-partisan Infrastructure Investment and Job Act (IIJA):
Chicago CTA to receive USD 200M to help purchase 300 9000-series metro cars;
Cleveland RTA to receive USD 130M towards the USD 393M cost of 60 S200 LRVs from Siemens Mobility;
Miami South Florida RTA to receive USD 71.7M towards a` USD 179.2M programme for 24 new commuter rail trains;
Sacramento RTD to receive USD 45.1M to purchase 16 S700 LRVs from Siemens Mobility;
St Louis Bi-State Development Agency to receive USD 196.3M to purchase 48 S700 LRVs from Siemens Mobility;
Salt Lake City UTA to receive USD 60M to purchase 20 LRVs.
The IIJA is expected to provide USD 1.5bn for projects such as this by the end of 2026.
The Bureau of Transportation Statistics calculates that the average age of commuter rail; vehicles in use is 25.3 years, a 25% increase since 2016. The average age of LRVs is 19.5years, an 8% increase since 2016.
The planned next generation LRV for St Louis. (Siemens
An FTA Administrator said, ‘This programme focuses on transit agencies that lack the funding needed to address overdue railcar replacements. We are proud to select these projects to improve rail transit service for riders across the nation’.
Commissioner Raquel Regalado, Chair of the SFRTA governing board said, ‘We are overjoyed to receive this magnificent news as it represents a momentous occasion for the future of this agency’.
Tagged as: Siemens, FTA
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