By David Shepardson
WASHINGTON (Reuters) – The U.S. Federal Transit Administration (FTA) announced on Thursday it was allocating $25 billion in emergency funding grants to public transportation systems to address a massive falloff in demand due to the coronavirus pandemic.
The funds, including $5.4 billion to the New York City area, were approved by Congress last week and transit systems should start receiving payments in the coming weeks.
(Reporting by David Shepardson; Editing by Tom Brown)
