How is BRT Funded?
The BRT capital cost is estimated at $53.5 million. The financial plan for the project anticipates the capital cost may be funded up to 80 percent through the federal Small Starts program, which requires a minimum local match of 20 percent. The county submitted its Small Starts application to the Federal Transit Administration in September 2017.
With systemwide MCTS operating improvements, the new BRT service will only add about 1 percent to MCTS’s overall operating and maintenance costs. Operations will be funded as part of the existing MCTS service, which comes from bus fares, advertising and sponsorships, state and federal funding and local tax levy.