Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • International Mutual Funds in 2026: Is Global Diversification Worth the Risk in a Volatile Market? – Money Insights News
    • This debt mutual fund has turned ₹10,000 monthly SIP into nearly ₹30 lakh in 15 years
    • NS&I boosts fixed savings rates and monthly income bonds to fire them up the best buy tables
    • SIP vs PPF: Why the real decision lies in allocation, not choice
    • Best Mutual Fund To Invest | Top Mutual Fund Schemes
    • All active funds ‘underperform’ over past year, data shows
    • Why SIPs Continue To Be A Popular Way To Begin Investing In Mutual Funds
    • Want Decades of Passive Income? Here Are 2 ETFs to Buy and Hold Forever.
    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

    All active funds ‘underperform’ over past year, data shows

    April 27, 2026

    Flexi-cap vs large & mid-cap funds: Diversification or hidden overlap? | Personal Finance

    April 27, 2026

    High-Potential Mutual Funds for Beginners

    April 26, 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

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

    November 19, 2023

    NS&I boosts fixed savings rates and monthly income bonds to fire them up the best buy tables

    April 28, 2026
    Don't Miss
    Mutual Funds

    International Mutual Funds in 2026: Is Global Diversification Worth the Risk in a Volatile Market? – Money Insights News

    April 28, 2026

    Global financial markets in 2026 are navigating a complex and uncertain landscape. Persistent geopolitical tensions,…

    This debt mutual fund has turned ₹10,000 monthly SIP into nearly ₹30 lakh in 15 years

    April 28, 2026

    NS&I boosts fixed savings rates and monthly income bonds to fire them up the best buy tables

    April 28, 2026

    SIP vs PPF: Why the real decision lies in allocation, not choice

    April 27, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    10 Hottest Cities for Buying Investment Properties This Summer

    July 5, 2024

    Bond Traders’ Big Week Ends With Fed Rate Cuts Even Less Certain

    October 11, 2024

    Chrysalis Investments Enregistre une Valeur Nette d’Actif en Hausse au Premier Semestre

    June 26, 2025
    Our Picks

    International Mutual Funds in 2026: Is Global Diversification Worth the Risk in a Volatile Market? – Money Insights News

    April 28, 2026

    This debt mutual fund has turned ₹10,000 monthly SIP into nearly ₹30 lakh in 15 years

    April 28, 2026

    NS&I boosts fixed savings rates and monthly income bonds to fire them up the best buy tables

    April 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

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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