Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 7 Thematic Mutual Fund Themes to Watch: How to add more firepower to long-term portfolio
    • Investors are piling into bond funds at a rapid rate. That’s a problem.
    • Two VIPB-managed mutual funds declare cash dividends for FY26
    • How leveraged chip ETFs magnified Korea’s market swings
    • Why changing mutual funds every year may quietly destroy your long-term wealth – Money News
    • NFO Alert: Invesco Mutual Fund launches BSE Sensex ETF and Nifty Bank ETF; details inside
    • Can these ASX ETFs recover after a brutal gold sell-off?
    • A 60/40 Portfolio with 0% Fees? It’s Possible Thanks to these Two ETFs
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds» LA Metro’s Southeast Gateway Line gets OK for federal funding – Press Telegram
    Funds

     LA Metro’s Southeast Gateway Line gets OK for federal funding – Press Telegram

    August 24, 2024


    Federal officials have given final approval to environmental review documents for LA’s future Southeast Gateway Line, opening up funding for a massive extension of the local transit system meant to serve residents of the county who have traditionally had fewer rail options, officials said Saturday.

    The Federal Transit Administration on Friday issued its Record of Decision for the first segment of the line, signing off on documents which the Metro Board certified in April. The Record of Decision now makes a 14.5-mile segment of the 19-mile, $7.1 billion project eligible for major federal funding.

    “This line is going to serve one of the regions that has historically been left behind whenever we’ve expanded our Metro system,” County Supervisor and Metro Board Chair Janice Hahn said Saturday. Hahn represents the region that will be served by the line.“We made it clear to our federal partners that these communities needed and deserved this critical investment, and they’ve delivered. Now let’s get to work,” she added.

    Utility work on the project is expected to begin by the end of this year. When completed, the full 19-mile Southeast Gateway Line will serve 1.4nmillion residents between Union Station in Downtown LA and Artesia, running through Vernon, Huntington Park, Bell, Cudahy, South Gate, Downey, Paramount, Bellflower and Cerritos.

    Hahn has said that 44% of residents along the line live below the poverty level, and that construction and operation of the line will create between 37,000 and 46,000 jobs, and generate $5 billion per year in economic activity.

    She has called the project a “game changer for some of the most transit dependent communities in Southern California.”

    “Most of this line will serve equity focus communities that have some of the worst air quality and suffer from some of the worst congestion anywhere in the entire state,” Hahn said earlier this year. “They deserve high-quality transit, and the Southeast Gateway Line will finally deliver that.”

    The Federal Transit Administration is an agency within the U.S. Department of Transportation that provides financial and technical assistance to local public transit systems. The federal funding unlocked by the Record of Decision will go along with over $2 billion in local and state funds already committed to the project.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Hedge funds grow at the fastest rate ever

    July 26, 2026

    SIFs, mutual funds, PMS or AIFs: Which investment route deserves a place in your portfolio?

    July 26, 2026

    Active funds vs passive: Is active management still relevant?

    July 24, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    How leveraged chip ETFs magnified Korea’s market swings

    July 28, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    7 Thematic Mutual Fund Themes to Watch: How to add more firepower to long-term portfolio

    July 29, 2026

    7 Thematic Mutual Fund Themes: Thematic funds have gained investor attention, with schemes focused on…

    Investors are piling into bond funds at a rapid rate. That’s a problem.

    July 29, 2026

    Two VIPB-managed mutual funds declare cash dividends for FY26

    July 28, 2026

    How leveraged chip ETFs magnified Korea’s market swings

    July 28, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    AMFI & India Post: Mutual Fund Distribution: Rediff Moneynews

    August 22, 2025

    Flyer advocating for the passing of the proposed $4.4 billion HISD bond features Highland Heights Elementary School principal

    October 22, 2024

    Compare Today’s Rates – Forbes Advisor

    March 31, 2025
    Our Picks

    7 Thematic Mutual Fund Themes to Watch: How to add more firepower to long-term portfolio

    July 29, 2026

    Investors are piling into bond funds at a rapid rate. That’s a problem.

    July 29, 2026

    Two VIPB-managed mutual funds declare cash dividends for FY26

    July 28, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.