WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) recently announced that the CARES Act is providing $25 billion in federal funding allocations to help the nation’s public transportation systems respond to covid-19.
Funding is provided through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed by President Donald J. Trump on March 27.
“This historic $25 billion in grant funding will ensure our nation’s public transportation systems can continue to provide services to the millions of Americans who depend on them,” said U.S. Transportation Secretary Elaine L. Chao.
Funding allocated to urban, rural areas
FTA is allocating $25 billion to recipients of urbanized area and rural area formula funds. Approximately $23 billion is being allocated to large and small urban areas and $2.2 billion to rural areas. Funding will be provided at a 100 percent federal share, with no local match required. The money will be available to support capital, operating, and other expenses generally eligible under those programs to prevent, prepare for, and respond to covid-19.