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Federal Transit Administration Announces Final Rule Requiring Transit Agencies to Manage, Prioritize Capital Assets

WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced a final rule requiring FTA grantees to develop management plans for their public transportation assets, including vehicles, facilities, equipment, and other infrastructure. Transit asset management (TAM) is an essential practice for providing safer, more reliable transit service nationwide, while helping lower operating costs.

Updated: Tuesday, July 26, 2016

U.S. Transportation Secretary Foxx Announces $79 Million TIFIA Loan for Chicago’s 95th Street Bus and Rail Project

WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced the closing of a $79 million Transportation Infrastructure Finance Innovation Act (TIFIA) loan to the Chicago Transit Authority (CTA) for the 95th Street Bus and Rail project.

Updated: Friday, April 25, 2014
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