The Federal Transit Administration (FTA) today announced the availability $225 million in grant funding through the Expedited Project Delivery (EPD) Pilot Program—$100 million of which is currently available for allocation.
The program aims to achieve faster delivery of new transit capital projects by streamlining project delivery of new transit infrastructure that meets program requirements.
"By encouraging innovative partnerships and funding from a variety of sources, projects can be completed more quickly, making better use of taxpayer dollars, and bringing new transit service to growing communities," FTA Acting Administrator K. Jane Williams said in a statement.
The EPD Pilot Program is authorized by the FAST Act. By law, projects must utilize public-private partnerships, be operated and maintained by employees of an existing public transportation provider, and have a federal cost share not exceeding 25% of the project cost. The FAST Act specifies that not more than eight projects can be awarded grants under the EPD Pilot Program. Applications will be accepted on a rolling basis until up to eight grants are awarded, subject to funding availability, according to FTA.
FTA says this EPD Pilot Program also supports the U.S. DOT’s commitment to follow the administration's One Federal Decision framework to cut red tape and deliver infrastructure projects and safety improvements more quickly to spur economic growth.
SOURCE: Federal Transit Administration