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President Joe Biden and U.S. Department of Transportation officials yesterday announced a more than $20 billion investment in public transit in fiscal-year 2022 to help agencies modernize and expand service in communities of all sizes.
The funding levels were detailed by the Federal Transit Administration in apportionment tables released yesterday for each of 30 programs for FY2022, USDOT and FTA officials said in a joint press release.
The investment represents a 58% increase in transit funding due to the Infrastructure Investment and Jobs Act, the massive infrastructure bill that Biden signed in November 2021. Full-year funding is available following congressional passage of an FY2022 appropriations bill in March, officials said.
"Thanks to the president's bipartisan infrastructure law, we are making the largest investment in public transit in our nation’s history," said U.S. Transportation Secretary Pete Buttigieg.
The funding will enable transit agencies to buy new buses and rail cars, address their repair backlogs, modernize their fleet and transition to new technologies to address climate change, USDOT officials said.
The upgrades will support the expansion of U.S. manufacturing due to Buy America requirements that apply to steel, iron and other materials used in public transportation projects that receive federal assistance, they added.