The term eligible project means a new fixed
guideway capital project or a core capacity improvement project, as those terms are defined in section 5309 of title 49, United States Code, as amended by this section, that has not entered into a full funding grant agreement with the Federal Transit Administration before the date of enactment of the Federal Public Transportation Act of 2012.
The Secretary shall establish and implement a pilot program to demonstrate whether innovative project development and delivery methods or innovative financing arrangements can expedite project delivery for certain meritorious new fixed
guideway capital projects and core capacity improvement projects.
Description: To assist urbanized and non-urbanized areas, States, and Indian tribes in funding transit
capital needs such as: engineering design of transit projects;
capital investments in bus and bus - related activities, crime prevention and security equipment, construction of maintenance and passenger facilities; and
capital investments in new and existing fixed
guideway systems including overhaul, rebuilding of vehicles, track, signals, communications, and computer hardware and software.