How will FTA determine which projects require construction agreements and/or risk assessments? Can that decision be made jointly with the grantee?
As with other Hurricane Sandy funds, construction agreements are required for all projects receiving $500 million or more of Federal funds and FTA may require their use for projects receiving $100 million or more. FTA is evaluating the risk of each grant and/or major capital project to determine the appropriate level of oversight. Based on that review FTA will determine whether a risk assessment or other oversight is required.