LOS ANGELES — The Federal Transit Administration notified Congress on Monday that it will sign a $1.55 billion full funding grant agreement to help fund Honolulu’s $5.2 billion elevated rail project by year-end.

The signing of the grant agreement is the final step of the FTA’s New Starts federal funding process for new rail systems, and makes available $200 million to the Honolulu rail project for fiscal year 2012.

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