$200 Million in federal funding in next year's budget for Metro

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Here’s a news release from the office of Los Angeles Mayor Eric Garcetti on the good news in President Obama’s recently-announced budget for the next fiscal year:

GARCETTI ANNOUNCES FEDERAL FUNDING IN PRESIDENT’S BUDGET; URGES CONGRESS TO PASS MULTI-YEAR FEDERAL TRANSPORTATION BILL

LOS ANGELES–Mayor Eric Garcetti announced today that President Obama’s FY 14-15 budget contains $200 million for critical Los Angeles transportation projects — $100 million each for the Regional Connector and the Westside Subway Extension. He also urged Congress to take immediate action to pass a multi-year Federal surface transportation bill.

“Especially in these tough economic times, you have to prove to Washington that you’re going to deliver real results,” Mayor Garcetti said. “This funding represents the White House’s recognition that our transit program will spend money wisely, create thousands of jobs, and make a real difference for L.A. commuters. Now, it’s time for Congress to act and pass a multi-year Federal surface transportation bill.”

The President’s proposed budget funding follows Los Angeles’ recent win of a $670 million Federal New Starts Full Funding Agreement Grant for the Downtown Regional Connector, which brings together the city’s various rail lines to make transfers convenient, dramatically improving the rider experience.

The Westside Subway Extension project will extend the subway from the current Wilshire and Western station terminus 3.9 miles to Wilshire and La Cienega. The subway project will create 25,000 jobs.

The funding in the budget is from the federal New Starts program, which helps local transit agencies pay for expensive transit projects. The deal for Regional Connector funding from New Starts was finalized last month and the agreement for the Purple Line Extension should be soon completed. New Starts money is awarded by the government over several years, thus the $100 million in next year’s budget for each of the projects.