Los Angeles Congestion Reduction Demonstration ("CRD") Description
On April 25, 2008, the U.S. Department of Transportation (the "Department") announced its designation of Los Angeles, CA, as a CRD Partner, based on the terms of an agreement signed by the Department and its Los Angeles Partner Agencies: the California Department of Transportation ("CALTRANS") and the Los Angeles County Metropolitan Transportation Authority ("Metro"). On July 24, 2008, the Department and its Partner Agencies amended and restated the CRD Agreement. Under the terms of the new CRD Agreement (the "CRD Agreement"), the Partner Agencies committed to providing non-Federal funding - at an estimated total of $131 million - to convert the high-occupancy vehicle ("HOV") lanes on I-10 and I-110 to dynamically-priced high-occupancy toll ("HOT") lanes.
Sources and amounts of Federal funding
Under the terms of the CRD Agreement, the Department provided the Partner Agencies with $210.6 million in funding appropriated under the Federal Transit Administration's 5309 Bus and Bus Facilities Program. The Partner Agencies use the funding to support a variety of transit projects.
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