WASHINGTON — The Federal Transit Administration and U.S. Department of Transportation Thursday announced $300 million in competitive grants for cities and local agencies to pay for 53 transit proposals including bus, streetcar and trolley projects.

The grants will support so-called urban circulator and bus transit-related projects. They were cobbled together from leftover annual appropriations and funds for transit projects that never reached the finish line, transportation officials said during a teleconference with reporters.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.