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The Federal Transit Administration (FTA) earlier this month published on the Federal Register its final interim policy guidance for the Capital Investment Grant (CIG) program.The guidance describes how the FTA evaluates and rates major new transit capital projects for CIG funding, FTA officials said in a press release.The interim policy guidance complements FTA’' regulations that govern the program by providing greater detail about the project justification and local financial commitment criteria that FTA uses to evaluate New Starts, Small Starts and Core Capacity Improvement projects. The guidance also covers the steps a project sponsor must follow to develop a project.The full guidance can be read via this link on the FTA website.
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