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CTIB accelerates regional transit projects with $77 million in grant funding
The Counties Transit Improvement Board is accelerating regional transit projects, approving a total of $77 million in capital and operating grants that will impact eight transit corridors throughout the region.
With three projects simultaneously in-progress with the Federal Transit Administration, the Minneapolis-Saint Paul metropolitan area is advancing toward a system-wide network. Collectively, expanding the METRO system has the potential to bring in $1.6 billion in federal funding into the region.
“The region-wide impact of our funding commitments can’t be ignored,” said Counties Transit Improvement Board Chair and Hennepin County Commissioner Peter McLaughlin. “There are 11 Fortune 500 companies whose headquarters are located on an existing or planned regional transitway. Major tourism destinations, such as the Mall of America or Minneapolis Convention Center, are located on transit lines, and all of our sports venues, the University of Minnesota, and the State Capitol will have transit access. Clearly, transit is a priority, helping keep our economy vibrant and competitive with the rest of the country.”
The following grants are being approved:
The Counties Transit Improvement Board has awarded $721 million in grants since it formed in 2008.
About the Counties Transit Improvement Board
The Counties Transit Improvement Board was created in 2008 by a joint powers agreement among the counties of Anoka, Dakota, Hennepin, Ramsey and Washington. Through a regional transit-dedicated quarter-cent sales tax and $20 motor vehicle excise tax, the board awards grants to support the development, construction and operation of regional light rail, commuter rail and bus rapid transit lines. Learn more about the Counties Transit Improvement Board online at www.mnrides.org.
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Look for more news on the Hennepin County website at www.hennepin.us/news.