Today’s awards through the Commonwealth Financing Authority will help fund 242 transportation improvement projects statewide, improving the quality of life for Pennsylvanians.
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Secretary Rick Siger announced 244 new projects totaling more than $105.6 million were approved through the Commonwealth Financing Authority (CFA).
These new CFA awards align with the Shapiro Administration’s focus on strengthening communities, enhancing infrastructure, and spurring economic development across Pennsylvania.
“Pennsylvania’s continued economic growth requires our residents and visitors to have safe and reliable ways to get to their workplaces or to shop on our main streets,” said Secretary Siger. “This major investment by the Shapiro Administration will help communities make important enhancements to transportation systems across our Commonwealth. From streetscape improvements, installation of sidewalks and bike paths, to bridge repair – these projects will help provide a better quality of life for all Pennsylvanians.”
A full list of the following approvals are available on the CFA’s website.
Multimodal Transportation Fund (MTF) – $104,607,563
MTF provides grants to encourage economic development and ensure that a safe and reliable system of transportation is available to the residents of the Commonwealth. Funds can be used for the development, rehabilitation, and enhancement of transportation assets to existing communities, streetscape, lighting, sidewalk enhancement, pedestrian safety, connectivity of transportation assets and transit-oriented development. The CFA approved 242 MTF projects totaling more than $104.6 million in grants.
Some of the approved MTF projects include:
Pipeline Investment Program (PIPE) – $1,001,434
PIPE provides grants to construct the last few miles of natural gas distribution lines to business parks and existing manufacturing and industrial enterprises. The CFA approved two PIPE projects totaling more than $1 million in grants.
Approved projects include:
The CFA was established in 2004 as an independent agency of DCED to administer Pennsylvania’s economic stimulus packages. The CFA holds fiduciary responsibility over the funding of programs and investments in Pennsylvania’s economic growth.
Visit the Commonwealth Financing Authority’s website for more information on the CFA or its programs.
For more information about the Department of Community and Economic Development, visit the DCED website, and be sure to stay up-to-date with all of our agency news on Facebook<>, X<>, and LinkedIn<>.
MEDIA CONTACT:
Governor’s Office, ra-gvgovpress@pa.gov, 717.783.1116
Penny Ickes, DCED, dcedpress@pa.gov
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