Federal Railroad Administration Seeks Applications for $2.3B in High-Speed Rail Grants
The US Department of Transportation’s Federal Railroad Administration (FRA) will begin accepting applications for $2.1 billion in grants to continue the development of high-speed intercity passenger rail corridors. In addition, FRA will make another $245 million available for individual construction projects within a corridor. Funds for both come from the FY 2010 DOT Appropriations Act.
Applications and proposals for these latest funds will be due back to FRA by 6 August 2010. Grant awards, including the $2.1 billion and $245 million from the FY2010 appropriations, are expected to be announced by 30 September 2010.
In addition to the President’s $8 billion investment for high-speed passenger rail in the Recovery Act, DOT earlier this spring made available $50 million in planning funds appropriated under the FY 2010 DOT Appropriations Act, and approximately $65 million in construction funds appropriated under the FY 2009 DOT Appropriations Act.
A new report by the US Conference of Mayors found that full construction of high-speed rail networks, in conjunction with healthy metropolitan economies over the next twenty years, and supportive infrastructure investments to allow high speed rail benefits to be realized, in Los Angeles, could create up to $7.6 billion per year in new business and up to 55,000 jobs; in Chicago, up to $6.1 billion per year in new business and up to 42,000 jobs; in Orlando, up to $2.9 billion per year in new business and up to 27,500 jobs; and in Albany, NY, up to $2.5 billion per year in new business and up to 21,000 jobs.
The Notices of Funds Availability (NOFA) are available at: http://www.fra.dot.gov/Pages/477.shtml.
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