Mass transit : FTA could relieve New Starts program funding constraints
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Published Date:2001-08-01
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Language:English
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TRIS Online Accession Number:818208
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NTL Classification:NTL-ECONOMICS AND FINANCE-Funding ; NTL-ECONOMICS AND FINANCE-Transit Economics and Finance ;
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Abstract:The Transportation Equity Act for the 21st Century (TEA-21) authorized $6 billion in "guaranteed" funding for the New Starts program (full funding grant agreements to help pay certain rail, bus, and trolley projects) through fiscal year 2003. The Federal Transit Administration (FTA) was directed to prioritize projects for funding by evaluation, rating, and recommending potential projects on the basis of specific financial and project justification criteria. This General Accounting Office (GAO) report discusses (1) refinements made to FTA's evaluation and rating process since last year, (2) how New Starts Projects were selected for FTA's New Starts report and budget request for fiscal year 2002, and (3) FTA's remaining New Starts commitment authority.
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