DALLAS - Transit systems in states ravaged by Hurricane Sandy in 2012 can compete for $3 billion of federal infrastructure grants made available last week by the U.S. Department of Transportation.

The grants will be awarded by the Federal Transit Administration for projects that protect critical transit infrastructure from being damaged or destroyed by future natural disasters.

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.