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U.S. DEPARTMENT OF TRANSPORTATION SECRETARY PENA ANNOUNCES MASS TRANSIT GRANT TO NEW YORK

 WASHINGTON, April 2 /PRNewswire/ -- Secretary of Transportation Federico Pena announced today that the Clinton Administration will award a mass transit assistance grant of $254,242,185 million to New York. The grant is part of a $1.2 billion package in new mass transit assistance grants announced by the administration under the Federal Transit Act.
 "The funding will improve the quality of mass transit for commuters and will boost the region's economy by creating jobs in the area," Secretary Pena said. The $1.2 billion package consists of 169 separate grants to large and small transit agencies throughout the nation.
 The grant to New York will help mass transit operators make needed improvements to the transportation infrastructure. The funds will provide urban areas the capital to replace and rehabilitate subway bridges and tracks, train stations and old transit buses.
 Pena noted that the states can expect additional funding from the president's short-term investment package. "The President's plan will invest $752 million in communities across the nation to quickly create jobs and support needed transit projects," the secretary said.
 Since he became secretary, Pena has emphasized that DOT and the Federal Transit Administration will work closely with local authorities to ensure that any additional transit funding can be fully utilized to create jobs and make needed transit improvements. Pena said, "I want to assure state and local officials that DOT will continue to cooperate with regional transit authorities so that funds will be distributed in a timely manner."
 -0- 4/2/93
 /CONTACT: Kevin Towles of U.S. Department of Transportation, 202-366-5580/


CO: U.S. Department of Transportation ST: New York IN: TRN SU:

LD-WB -- DC040 -- 2699 04/02/93 17:32 EST
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Date:Apr 2, 1993
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