WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced the final allocation of $25 million in federal funds to the Indianapolis Public Transportation Corporation (IndyGo) for the Red Line Rapid Transit Project. Funding will be provided through FTA’s Capital Investment Grants (CIG) Program.
FTA announced the final allocation of funding for the project through an updated allocation notice for Fiscal Year (FY) 2018 CIG funding appropriated by Congress. FTA is allocating approximately $249 million in appropriated FY 2018 CIG funding among four projects in California, Indiana, New Mexico and Washington.
“We support Indianapolis’ investment in BRT, which will enhance transit service for thousands of residents and visitors traveling downtown and along this busy corridor,” said FTA Acting Administrator K. Jane Williams.
The project is a 13.1-mile Bus Rapid Transit (BRT) line that will connect the Indianapolis central business district with the Village of Broad Ripple to the north and the University of Indianapolis to the south, running through the densest part of the city. FTA announced a $75 million grant agreement for the $96.33 million project in May 2018. The project will receive $25 million in FY 2018 CIG funds to complete the CIG funding request.
The CIG Program provides funding for major transit infrastructure capital investments nationwide. Projects accepted into the program must go through a multi-year, multi-step process according to requirements in law to be eligible for consideration to receive program funds.
Since 2017, FTA has supported funding for 13 new CIG projects throughout the nation, totaling approximately $3.3 billion in funding commitments.
