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Transit Funds News releases

March 5, 2009

News Releases

Statewide Transportation Plan

 

March 5, 2009

COLORADO RECEIVES $100M IN RECOVERY FUNDS FOR TRANSIT

The Federal Transit Administration today released $8.4 billion to states as part of the American Recovery and Reinvestment Act, including approximately $103 million to Colorado for public transportation and transit projects across the state.

“These funds are vital to putting Coloradans back to work, getting our economy moving again and building a modern, 21st century transportation system,” Gov. Ritter said. “These projects will improve transportation throughout Colorado, from metro Denver to the mountains, from Fort Collins to Pueblo, from Mesa County to Greeley.”

The majority of the funds, $90.2 million, will go to transit agencies in urbanized areas to fund capital projects such as new transit facilities or new vehicles. The following agencies will receive funding:

  • Regional Transportation District – approximately $72.1 million

  • City of Colorado Springs – approximately $8.8 million

  • City of Fort Collins – approximately $3.4 million

  • Mesa County – approximately $1.5 million

  • City of Greeley – approximately $2 million

  • City of Pueblo – approximately $2.4 million

The remaining $12.5 million of Colorado’s transit funds are being made available to the state’s rural areas and will be managed by the Colorado Department of Transportation. About $10.3 million will be used to fund a new bus maintenance facility in Summit County.

The remaining funds will be used to purchase new buses for rural transit agencies through a competitive process conducted by CDOT. Under terms of the recovery act, all transit agencies and CDOT must have at least 50 percent of its allocated funds committed to projects within 120 days. The remaining funding must be obligated within one year.

Colorado is expecting to receive more than $500 million in transportation and transit funds through the recovery act. Earlier this week, Gov. Ritter certified the first 18 highway and road projects, worth about $145 million.

Gov. Ritter has established an accountability board and a website, www.colorado.gov/recovery, to oversee recovery investments in Colorado.

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