Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
JANUARY 19, 2017
Subject/Action
SUBJECT: STATE AND FEDERAL REPORT
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE State and Federal Legislative Report.
Discussion
DISCUSSION
Executive Management Committee
Remarks Prepared By Raffi Haig Hamparian
Government Relations Director, Federal Affairs
Chairman Fasana and members of the Executive Management Committee, I am pleased to provide an update on a number of federal matters of interest to our agency. This report was prepared on December 28, 2016 and will be updated, as appropriate, prior to the Executive Management Committee meeting on January 19, 2017.
Federal Grants for Fiscal Year 2017
I am pleased to share that on January 4, 2017 Metro is slated to formally celebrate the signing of a Full Funding Grant Agreement (FFGA) with the Federal Transit Administration to receive multi-year funding through the New Starts Grant Program in the amount of $1.187 billion for the Westside Purple Line Extension Section 2. In addition to this discretionary grant award, Metro has also concluded a $307 million TIFIA loan that is a part of the Purple Line Extension's funding package.
The FFGA for the Westside Purple Line Extension Section 2 means that the value of our total FFGA's signed recently exceeds $3 billion - not including over $1.8 billion in low interest federal Transportation Infrastructure Finance and Innovation Act loans we have secured from the U.S. Department of Transportation.
On another federal grant matter - the U.S. Department of Transportation recently announced a Notice of Funding Opportunity for the second round of the FASTLANE Grant Program which was created as part of the freight focused funding section of the FAST Act. Applications were due on December 15th. With the incredible work by our Planning Department, Metro submitted the following projects for consideration: America's Global Freight Gateway: Southern California R...
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