Commonwealth To Begin Accepting Applications for Multimodal Transportation Fund

The Department of Community and Economic Development (DCED) announced today that the Commonwealth Financing Authority has adopted guidelines for the Multimodal Transportation Fund (MTF).
The Commonwealth Financing Authority will begin accepting applications for the MTF on March 21, 2014 with the application period closing on June 20, 2014. Based on projections, the CFA is anticipated to receive $40 million in Fiscal Year 2014-15.
The MTF will provide financial assistance to municipalities, councils of governments, businesses, economic development organizations, public transportation agencies, rail freight and ports to enhance communities, pedestrian safety and transportation assets.