President Biden, USDOT Announce More than $20 Billion Investment in American Transit

Apr 19, 2022 | News

Bipartisan infrastructure law provides the largest ever investment in transit, creating many jobs and growing U.S. manufacturing.

Overview

President Biden and the U.S. Department of Transportation’s Federal Transit Administration (FTA) announced more than $20 billion investment in American transit. The funding will enable transit agencies to modernize and expand services for residents in communities large and small. FTA details the funding levels in apportionment tables for each of the 30 programs for the Fiscal Year 2022.

The full-year amounts significantly increase funding for many programs, some of which are listed below.

  • $6.9 billion for the Urbanized Area Formula Program, which supports transit agencies in large U.S. cities and suburbs, 29% more than the FY21 funding level
  • $4.1 billion for the State of Good Repair Formula Program, 52% more than the FY21 funding level
  • $893 million for Rural Area Formula grants, which support transit programs in rural areas, representing 23% more than the FY21 level
  • $422 million for the Enhanced Mobility of Seniors and Individuals with Disabilities program, representing 44% more than the FY21 level
  • $45 million to support transit programs run by tribal governments through the formula and competitive grants, representing 25% more than the FY21 funding level
  • $49 million for State Safety Oversight, representing 69% more than the FY21 funding level

 

The complete statement can be read here.

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