Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 7 Ways To Help Clients Use ETFs To Diversify Their Portfolios
    • Amazon profits surge 35% as AI investments drive growth
    • Act fast, avoid pitfalls: Winning property tactics
    • I Tried the Summer’s Most Refreshing Sip That ‘Tastes Like a Vacation’ and It’s Totally Worth the Hype
    • Top Hybrid Mutual Funds with Highest SIP Returns: Rs 20,000 monthly investment in No. 1 fund has grown to Rs 20.68 in just 5 years
    • State Street’s New Covered-Call ETFs Could Turbocharge Your Monthly Income – Select Sector SPDR Trust (The) The Materials Select Sector SPDR Premium Income Fund (ARCA:XLBI), Materials Select Sector SPDR (ARCA:XLB)
    • NFO ongoing: Balancing growth and stability with Bajaj Finserv Equity Savings Fund
    • Clark posts over P1B in investments from Jan-July
    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 – Whittier Daily News
    Funds

     LA Metro’s Southeast Gateway Line gets OK for federal funding – Whittier Daily News

    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

    You Can Now Use Your HSA/FSA Funds To Shop For Skincare At Dermstore

    July 31, 2025

    Stevens Point school district set to receive federal education funds

    July 31, 2025

    Specialised investment funds: What investors should know about SEBI’s ₹10 lakh rule

    July 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    7 Ways To Help Clients Use ETFs To Diversify Their Portfolios

    July 31, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    ETF : définition et intérêt des trackers

    May 15, 2019
    Don't Miss
    ETFs

    7 Ways To Help Clients Use ETFs To Diversify Their Portfolios

    July 31, 2025

    Diversification is as essential to portfolios today as it has ever been. Sound investing requires…

    Amazon profits surge 35% as AI investments drive growth

    July 31, 2025

    Act fast, avoid pitfalls: Winning property tactics

    July 31, 2025

    I Tried the Summer’s Most Refreshing Sip That ‘Tastes Like a Vacation’ and It’s Totally Worth the Hype

    July 31, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Best focused mutual funds to invest in March 2025

    March 13, 2025

    Back to basics : Hedge funds

    May 26, 2025

    Rakbank rejoint la plateforme Al Manassah de National Bonds pour faciliter l’accès aux sukuks

    July 14, 2025
    Our Picks

    7 Ways To Help Clients Use ETFs To Diversify Their Portfolios

    July 31, 2025

    Amazon profits surge 35% as AI investments drive growth

    July 31, 2025

    Act fast, avoid pitfalls: Winning property tactics

    July 31, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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