As part of the rollout of President Biden’s fiscal 2025 budget request, the Federal Transit Administration (FTA) has updated the summary data for many of the projects in the Capital Investment Grant (CIG) program “pipeline,” which allows us to update our new favorite metric for judging the worthiness of these projects, capital cost per daily rider.
The following table shows the total capital cost, CIG program share of that cost, and estimated daily ridership for the planning “horizon year” (usually around 2040 for projects in this cycle). Not all projects currently in development have ridership estimates posted on the FTA website yet, so those projects are not listed. Dollar amounts are in millions.