Budget
The DOT will award $742.5 million in funds from the American Recovery and Reinvestment Act to 11 transit projects. The awardees include light rail projects. Other projects include both a commuter rail extension and a subway project in New York, New York, and a bus rapid transit system in Springfield, Oregon. The funds subsidize a heavy rail project in northern Virginia, completing the Washington Metropolitan Area Transit Authority's Metro Silver Line to connect Washington, D.C., and the Washington Dulles International Airport. (DOT had previously agreed to subsidize the Silver Line construction to Reston, Virginia.)
President Barack Obama's budget request for fiscal year 2010 also includes $1.83 billion in funding for major transit projects, of which more than $600 million will go towards 10 new or expanding transit projects. The proposed budget provides additional funding for all of the projects currently receiving Recovery Act funding, except for the bus rapid transit project. It also continues funding for another 18 transit projects that are either currently under construction or soon will be.
Read more about this topic: United States Department Of Transportation
Famous quotes containing the word budget:
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—William Howard Taft (1857–1930)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)
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—Ronald Reagan (b. 1911)