FTA's Transit Recommendations Favor Financial Plans

Transport Politic takes a detailed look at the transportation projects suggested by the Federal Transit Administration's recently released Annual Report on Funding Recommendations.

"The FTA's scores for projects being submitted for federal funding illustrate a change in the way the agency will move forward in choosing which programs will be funded: Instead of focusing on an index of the hours saved by projected passengers to whittle down the number of performing projects, the Department of Transportation has shifted its sights towards rewarding local transit authorities that are well-funded and that commit to sponsoring a larger percentage of a project's cost.

The overall effect is that the FTA will now be able to fund rail and bus lines that would have been automatically eliminated last year under the cost-effectiveness index, based on travel-time savings, and it will be able to fund a larger number of projects overall because of increasing local contributions."

THE FTA seems to be favoring projects that have detailed and comprehensive financial plans, according to this analysis. Without those plans, projects will not likely move forward through the New Starts funding process.

Full Story: For 2011, FTA Shifts Focus Away from Project Cost-Effectiveness Index and Towards Local Financing Commitment

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00