The Federal Transit Administration (FTA) has awarded a $75 million grant to Valley Metro for the Tempe Streetcar project in Tempe, Arizona.
The project will improve mobility and transit service through the historic downtown Tempe area, officials said in making the announcement. The project will connect the city’s government and financial center with Arizona State University and Valley Metro’s existing light rail system.
Support for the Tempe Streetcar project is provided through FTA’s Capital Investment Grants (CIG) Program, which provides funding for major transit infrastructure projects nationwide. Transit infrastructure projects accepted into the CIG program must meet rigorous requirements in law through a multi-year, multi-step process in order to be eligible for consideration to receive program funds.
Since Jan. 20, 2017, FTA has advanced funding for 25 new CIG projects throughout the nation totaling approximately $7.63 billion in funding commitments, the FTA said in a news release.