Thursday, September 02, 2010
Latest Procurement News
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KNOWLEDGE MANAGEMENT TAGS
"Governance"
City of Atlanta seeks $298m in stimulus funding for streetcar network
The City of Atlanta and its partners in the Georgia Transit Connector initiative have applied for $298.3m in federal stimulus to fund a 9.7-track-mile modern streetcar system in Atlanta.
The cash, if granted, would come from the US Department of Transportation's discretionary Transportation Investment Generating Economic Recovery (TIGER) fund.
As proposed now, TIGER funding would cover all capital costs associated with the streetcar, such as construction and vehicle procurement. Several models for operations and management after construction are being considered. Atlanta's application will be competing against applications for transportation initiatives nationwide.
Atlanta Mayor Shirley Franklin said: "A streetcar system will help make Atlanta a more walkable city and serve as a catalyst for development and revitalisation in Midtown and Downtown."
The U.S. DOT is expected to notify recipients of funding by February 2010. If funding is awarded, the City would begin construction immediately with a projected completion date of February 2012.
Procurement Tags - Governance, U.S.
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