President Biden’s FY2024 Budget includes $4.45B CIG Program request

March 10, 2023
The proposed program would advance 18 large bus and rail projects in 11 states.

The U.S. Department of Transportation is requesting 18 transit projects be allocated $4.45 billion through the Federal Transit Administration’s (FTA) Capital Investment Grants (CIG) Program and Expedited Project Delivery (EPD) Pilot as part of President Joe Biden’s Fiscal Year (FY) 2024 Budget.

The total budgetary resources request for projects in the CIG and EPD programs is approximately five percent above FY22 enacted levels of funding and more than 15 percent over FY22 actual funding levels. The request includes $2.85 billion in annual appropriations requested from Congress and $1.6 billion in FY 2024 funding provided through the Infrastructure Investment and Jobs Act.

"Transit connects people to jobs, schools, loved ones and more," said U.S. Transportation Secretary Pete Buttigieg. "We're proud to deliver this funding to expand transit across the country, which will create good-paying construction jobs and provide better options for people to get where they need to go."

The release of the President’s Budget request is the first step in the federal budget process that will require action from Congress before funding for programs is enacted. Additionally, projects in the CIG and EPD programs must meet several requirements before a Full Funding Grant Agreement is executed between a project’s sponsors and FTA.

Nine projects are recommended to receive funding for the first time, including:

Five projects that received partial funding in prior budgets also have requests in the FY 2024 budget:

The third group of projects to have funding requested for them includes four projects with existing Full Funding Grant Agreements that would see payments accelerated under the President's FY 2024 Budget in a move the FTA says will save the project sponsor’s financing costs. They include:

"Transit is a great equalizer for our nation," said FTA Administrator Nuria Fernandez. "For the men and women who will use these systems, this investment will open doors to opportunities they may otherwise never have had. For the communities where they'll be built, every dollar we provide will result in five dollars, or even more, of economic growth."


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About the Author

Mischa Wanek-Libman | Editor in Chief

Mischa Wanek-Libman serves as editor in chief of Mass Transit magazine. She is responsible for developing and maintaining the magazine’s editorial direction and is based in the western suburbs of Chicago.

Wanek-Libman has spent more than 20 years covering transportation issues including construction projects and engineering challenges for various commuter railroads and transit agencies. She has been recognized for editorial excellence through her individual work, as well as for collaborative content. 

She is an active member of the American Public Transportation Association's Marketing and Communications Committee and serves as a Board Observer on the National Railroad Construction and Maintenance Association (NRC) Board of Directors.  

She is a graduate of Drake University, where she earned a Bachelor of Arts degree in Journalism and Mass Communication with a major in magazine journalism and a minor in business management.