Cover 50% of the cost of operating expenses from local fiscal years 2024 2025 and 2026 and 50% of the cost of funding safety-related projects and security expenditures in local fiscal years 2024…
Active Formula Grant Awarded
- Award ID
- NC2026046
- Recipient
-
City Of Concord UEI PKAGEXPV4EE8
- Awarding agency
-
Federal Transit Administration
Department of Transportation
- Obligated
- $4,105,654
Award facts
- Assistance listing
- 20.507 Federal Transit Formula Grants
- Completion date 4% complete
- Funding
-
- $2,052,827.00 Federal
- $2,052,827.00 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 $4.105 million on August 3, 2026, under the Federal Transit Formula Grants program (CFDA 20.507) to fund 50 percent of operating expenses and 50 percent of safety-related projects and security expenditures for local fiscal years 2024, 2025, and 2026. The funding enables Concord Kannapolis Area Transit to continue and enhance public transit service and amenities to residents and visitors in Concord and Kannapolis and commuters into and out of Charlotte. The City of Concord serves as the designated recipient for the Concord Urbanized Area. Performance occurs in North Carolina, with an ultimate completion date of March 30, 2032. No sub-recipients are identified in this award.
Description
- Purpose
- The purpose of this award is to cover 50% of the cost of operating expenses from local fiscal years 2024 2025 and 2026 and 50% of the cost of funding safety-related projects and security expenditures in local fiscal years 2024 2025 and 2026.
- Activities
- Funds will be used to cover eligible operating assistance and safety-related projects and security 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 NC2026046?
NC2026046 was awarded to City Of Concord by Federal Transit Administration (Department of Transportation) on August 3, 2026.
How much is award NC2026046 worth?
$4,105,654 has been obligated on NC2026046: $2,052,827 in federal funding and $2,052,827 in non-federal funding.
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