The Federal Transit Administration (FTA) of the Department of Transportation has announced the availability of final policy guidance for the Capital Investment Grants (CIG) program. This guidance updates the initial policy from January 2023 and incorporates public feedback from earlier in 2024. It provides details about the steps and criteria projects must meet to qualify for discretionary funding. Certain projects already in progress may continue under the old guidance, but they can opt to switch to the new guidelines if they choose.
Simple Explanation
The Federal Transit Administration (FTA) has new rules for how projects can get money to improve transit, like buses and trains. These rules explain what steps projects need to take to get this funding and include some changes based on ideas people shared earlier this year.