New York Gov. Andrew Cuomo has announced the availability of $26.5 million in state funding to preserve and enhance rail and port services in major trade and passenger travel corridors across New York.
Funding for the Passenger and Freight Rail Assistance Program was included in the New York State Department of Transportation’s $29 billion, five-year State Transportation Plan, the governor’s office said in a news release. The program provides support for rail and port projects that enhance safety, alleviate congestion, increase operating capacity, facilitate regional economic development and increase competitiveness.
“This funding will improve rail safety and port infrastructure while also alleviating congestion on our roads and boosting economic activity and growth,” Cuomo said in a statement. “These investments in our state’s transportation network will help secure a stronger New York for all.”
Projects funded the program will be selected through a competitive solicitation process and rated based on established criteria that include a benefit cost analysis, adherence to regional economic development plans and compatibility with other private and public investments. Eligible project activities include: track and bridge rehabilitation; yard, terminal and siding construction; elimination of clearance obstructions; wharf, dock and bulkhead construction; dredging; and other projects that enhance economic competitiveness.
The New York State Department of Transportation will be accepting applications for this funding opportunity through April 27. Program guidance and applications may be found at www.dot.ny.gov/railgrants.
Last year, New York awarded $25 million to 19 applicants for rail and port improvement projects across the state. The investments supported track rehabilitation, capacity expansion, railroad bridge repairs, and economic development opportunities. An additional $5.4 million in private and local funding was leveraged through this initiative.