With urban populations growing–coupled with increasing competing needs, funding for transportation agencies helps them address the challenges in funding the transportation needs of local communities. The FTA Capital Investment Grant (CIG) program for funding major transit capital investments, including heavy rail, commuter rail, light rail, streetcars and Bus Rapid Transit (BRT) helps transportation agencies fund major transit programs across the country.
However, transportation agencies seeking funding (Grantees) must follow and meet certain requirements. Federal transit law requires such agencies to complete a series of steps over several years. For New Starts and Core Capacity projects, the law requires the completion of two phases in advance of receipt of a construction grant agreement–Project Development and Engineering. For Small Starts projects, the law requires the completion of one phase in advance of receipt of a construction grant agreement–Project Development. In addition, grantees’ proposals and deliverables must meet certain requirements.
In this training, we will explore capital cost estimating that meets FTA requirements for cost estimate deliverables from a grantee.