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Joint committee backs securitization of state BRT grants to accelerate 355 Central project
Summary
A joint session of Montgomery County committees recommended that the full council approve a supplemental appropriation to securitize state Bus Rapid Transit (BRT) grant revenues, enabling long‑term bond financing intended to speed construction and support a progressive design‑build contract for the 355 Central BRT project.
A joint meeting of Montgomery County’s Government Operations & Fiscal Policy Committee and the Transportation & Environment Committee on Nov. 6 recommended that the County Council approve a supplemental appropriation to securitize state Bus Rapid Transit (BRT) grant funding for the 355 Central BRT project.
The committee recommended approving supplemental appropriation 26‑13, which would appropriate about $168 million in FY26 to be securitized as part of a planned long‑term financing package expected to support roughly $191 million in bonds. Council staff said the funding switch would not change the project’s total cost of $452 million or the project delivery schedule, and would allow Montgomery County Department of Transportation (MCDOT) to use a progressive design‑build contracting approach to accelerate work and…
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