Federal Transit Administration shift on federal loans creates anxiety

July 13, 2018
By STEPHANIE BEASLEY, With help from Brianna Gurciullo, Lauren Gardner, Tanya Snyder and Alex Guillén, Politico Morning Transportation; July 13, 2018

WHAT’S MINE IS NOT YOURS: Lawmakers are raising the alarm that the way FTA is evaluating grant applications could stifle not just the New York-New Jersey Gateway program but big transit projects around the nation as well. As our Lauren Gardner and Brianna Gurciullo report for Pros, the agency made clear in a recent Dear Colleague letter that, in its view, DOT loans represent buy-in from the federal government — not from state or local governments. For some projects, that means the percentage of the cost that FTA considers covered by a state or local government will be smaller. And that hurts a project’s chances of getting a grant, unless the sponsor can scrounge up financing from other sources.

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