Quantcast
Channel: Railpace Newsmagazine
Viewing all articles
Browse latest Browse all 162

FRA Makes More Than $2 Billion in New Funding Available to Continue Improving America’s Busiest Passenger Rail Corridor

$
0
0

The U.S. Department of Transportation’s Federal Railroad Administration (FRA) issued a Notice of Funding Opportunity (NOFO) that makes available over $2 billion in Federal-State Partnership for Intercity Passenger Rail Program funding for projects located on the Northeast Corridor (Fed State-NEC). The corridor supports 800,000 passengers per day and billions of dollars in annual economic activity. Modernizing this critical infrastructure to provide safer, faster and more reliable passenger rail service for travelers and commuters is a key part of President Biden’s Investing in America agenda.

The available funding announced today builds on historic Northeast Corridor investments by the Biden-Harris Administration, including funding to advance major projects like the Gateway Program Hudson River Tunnel Project in New York and New Jersey, the Fredrick Douglass Tunnel and Susquehanna River Bridge Replacement Programs in Maryland, the Connecticut River Bridge Replacement in Connecticut, the New York Penn Station Access Project, and more.

After decades of federal underinvestment, funding from President Biden’s Bipartisan Infrastructure Law finally has the Northeast Corridor on track to meet the needs of 21st century travelers and commuters. Last year, FRA awarded $16.4 billion for 25 projects of national significance along the corridor, which runs from Boston, MA, to Washington, DC. These unprecedented investments will rebuild tunnels and bridges that are over 100 years old; upgrade tracks, power systems, signals, stations, and other infrastructure; and advance future projects to significantly improve travel times by increasing operating speeds and reducing delays.

Competitive funding through the Fed State-NEC program is guided by FRA’s NEC Project Inventory, which identifies and prioritizes projects along the corridor. The NEC Project Inventory serves as a project pipeline to assist Amtrak, States, and the public in long-term capital planning for the NEC. NEC Projects must be included in the latest version of the inventory to be eligible for Fed State-NEC funding. The latest NEC Project Inventory, which FRA updated last month, can be found here.

-via Press Release

The post FRA Makes More Than $2 Billion in New Funding Available to Continue Improving America’s Busiest Passenger Rail Corridor appeared first on Railpace Newsmagazine.


Viewing all articles
Browse latest Browse all 162

Trending Articles