Two federal grants paired with local money will bring the South Central light rail extension in Phoenix to full funding status.
Over the weekend, the Federal Transit Administration announced it intends to award Valley Metro a $530 million grant for the South Central light rail extension and Downtown Hub construction, which will fund about 40% of the project, a Valley Metro spokesperson confirmed on Monday.
The Federal Highway Administration also announced a $108 million grant to the project. The total development cost of the project is $1.35 billion.
“It is thrilling to see this grant agreement, which comes at a time when investment could not be more important,” Phoenix Mayor Kate Gallego, who serves as Valley Metro rail board vice chair, said in a statement.