“The Federal Transit Administration made it clear that unless we terminated the CAF contract and purchased cars under a new program that they were comfortable with we would not be eligible for the full funding grant.”
METRO has been able to recover $14 million dollars of the $41 million it had already paid to CAF. Greanias says the money will go toward repurchasing the light rail cars.
“We just issued a notice over the weekend that we’re going to be going out to take bids on rail cars. And we’ve been working very closely with the Federal Transit Administration to make sure that every step in the process that we’re going through right now meets with their approval.”
Earlier this week the Obama Administration submitted its proposed budget for fiscal year 2012. It includes $200 million dollars for the North and Southeast rail lines.