Grant OR-2026-027
FY2026 ended Sep 30 · data still posting · data as of 2026-11-01†
† DoD contract data posts to USAspending about 90 days after award.
A single federal award, with both ends of the trail linked.
Award OR-2026-027 is a grant from the Department of Transportation to Tri-County Metropolitan Transportation District of Oregon, $21.8M obligated, FY2026 to FY2028. The work is performed in Oregon. Source
Description
Application Purpose: This Grant Includes $13000000 in Fhwa Fy 2026 Congestion Mitigation Air Quality (CMAQ) and $8760000 in Fhwa Fy 2026 Surface Transportation Block Grant Program (STBG) Funds Transferred to FTA Section 5307 for Trimet to Make Debt Service Payments on Capital Grant Receipt Revenue Bonds That Were Issued to Fund Transit Related Projects. These Funds Have Been Committed by Metro and Payments Have Been Obligated by Trimet Through an Iga.the Projects Listed Below Were Funded by Trimets Issuance of the 2011 and 2018 Capital Grant Receipt Revenue (Garvee) Bonds. The 2017 Garvee Bonds Refunded a Portion of the 2011 Bonds.bond Funded Projects: Division Transit (DTP) Portland-Milwaukie Light Rail (Orange) Portland-Lake Oswego Transit Southwest Corridor Powell Garage Acquisition of Buses Prior Years Funding for This Activity Has Been Awarded Under Grants: OR-2024-21 OR-2021-046 OR-90-X131 OR-95-X009 OR-95-X033 OR-95-X053 OR-2016-014 OR-2018-011 OR-2019-010 OR-2020-011 OR-2022-037 OR-2023-013 OR-2024-021 and OR-2025-037.; Activities Performed: Annual Debt Service (Including Principal Gains/Losses Premiums/Discounts and Interest) Payments on the Series 2017A Capital Grant Receipt Revenue Refunding Bonds and the 2018A Capital Grant Receipt Revenue Bonds. Bonds Issued in 2017 Were to Refund a Portion of the 2011AB Bonds.; Expected Outcomes: Timely Payment of Debt Service Requirements Is One of Several Factors That Enable Trimet to Continue Receiving a High Credit Rating from External Parties Which Can Lead to Higher Market Values in Future Bond Issuances and Help Trimet Continue Financing Certain Transit Projects in Our Capital Improvement Program (Cip). This Grant Will Support Transit Projects That Improve Access and Reliability for Trimet and That Reduce Congestion and Improve Air Quality.; Intended Beneficiaries: Trimet Prospective Investors Underwriters and Rating Agencies of Future Trimet Capital Bonds. Metro and Trimet Staff to Continue Implementing Projects Set Forth in the Regional Funding Plan.; Subrecipient Activities: The Recipient Does Not Intend to Subaward Funds.