Cover 80% of capital cost of contracting related projects and expenses from local fiscal years 2025 and 2026.
Active Formula Grant Awarded
- Award ID
- NC2026041
- Recipient
-
City Of Concord UEI PKAGEXPV4EE8
- Awarding agency
-
Federal Transit Administration
Department of Transportation
- Obligated
- $1,184,709
Award facts
- Assistance listing
- 20.507 Federal Transit Formula Grants
- Completion date 5% complete
- Funding
-
- $947,767.00 Federal
- $236,942.00 Non-federal
- Place of performance
- North Carolina, USA
Award details come from USAspending.gov.
About this award
The Department of Transportation Federal Transit Administration awarded the City of Concord $1,184,709 on July 15, 2026, under the Federal Transit Formula Grants program (CFDA 20.507) to cover 80 percent of capital costs for third-party contracting-related projects and expenses from local fiscal years 2025 and 2026. The funds support eligible capital expenses related to contractor expenditures that will allow Concord Kannapolis Area Transit to continue providing and enhancing public transit service and amenities to residents of Concord and Kannapolis, area visitors, and commuters into and out of Charlotte. The City of Concord serves as the designated recipient for the Concord Urbanized Area and administers the award in North Carolina. Performance extends through March 30, 2032. The program provides formula funding to transit agencies and local governments to develop, improve, maintain, and operate public transportation systems in urbanized areas, with funds apportioned annually to each urbanized area.
Description
- Purpose
- The purpose of this award is to cover 80% of capital cost of contracting related projects and expenses from local fiscal years 2025 and 2026.
- Activities
- Funds will be used to cover eligible expenses related to capital cost of third party contracting expenditures.
- Expected outcomes
- Funding will allow concord kannapolis area transit to continue to provide and enhance public transit service and amenities to its customers.
- Intended beneficiaries
- Intended beneficiaries include the populace of the cities of concord and kannapolis as well as visitors to the area and commuters into and out of charlotte.
Quick answers
Who received award NC2026041?
NC2026041 was awarded to City Of Concord by Federal Transit Administration (Department of Transportation) on July 15, 2026.
How much is award NC2026041 worth?
$1,184,709 has been obligated on NC2026041: $947,767 in federal funding and $236,942 in non-federal funding.
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