Trump administration awards $25 billion in emergency transit funding

Trump administration awards $25 billion in emergency transit funding

By David Shepardson

WASHINGTON (Reuters) – The U.S. Federal Transit Administration (FTA) announced on Thursday it was allocating $25 billion in emergency funding grants to public transportation systems to address a massive falloff in demand due to the coronavirus pandemic.

The funds, including $5.4 billion to the New York City area, were approved by Congress last week and transit systems should start receiving payments in the coming weeks.

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