Metropolitan Transportation Authority Requests to Reallocate FTA
Metropolitan Transportation Authority Requests to Reallocate FTA Section 5324 Resiliency Funding to MTA Repair Projects September 30, 2016 NY MTA Request for Reallocation of Resiliency Funds INTRODUCTION The Metropolitan Transportation Authority (MTA) is pleased to submit the enclosed request to reallocate Federal Transit Administration (FTA) Section 5324 Competitive Resiliency (CR) and locally- prioritized resiliency (LPR) grant funds to support the recovery/repair of New York City Transit (NYCT) and Long Island Rail Road (LIRR) assets damaged during Hurricane Sandy. Requested Competitive Resiliency Reallocation With today’s request, the MTA is requesting to reallocate $324.9 million in CR grant funds to our recovery program. This will reduce the federal share of MTA’s CR projects to $1.3 billion, as shown in the table below. Table 1 Summary of Competitive Resiliency Funds Requested for Reallocation CR Application Federal Share Local Match Budget (Award) Current MTA CR Award $2,131,956,139 $1,598,967,104 $532,989,035 Requested Reallocation to Repair ($433,212,030) ($324,909,023) ($108,303,007) Remaining MTA CR Award $1,698,744,109 $1,274,058,081 $424,686,027 Table 1a – Detail: MTA NYCT Competitive Resiliency Reallocation Requests MTA CR Project Budget Federal Share Local Match Agency NYCT ROW Equipment Hardening in Flood Prone $61,443,249 $46,082,437 $15,360,812 Areas NYCT Protection of Street Level Openings in $141,895,903 $106,421,927 $35,473,976 Flood Prone Areas NYCT Flood Mitigation in Yards $152,170,003 $114,127,503 $38,042,501
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