DOT Allocates $390M To Transit Agencies For Sandy Repairs

Law360, New York (March 06, 2013, 9:48 PM ET) -- In the first distribution of funds from the $10.9 billion Superstorm Sandy disaster relief package, U.S. Transportation Secretary Ray LaHood announced Wednesday that he had allocated nearly $390 million to public transit agencies serving New York City, New Jersey and Pennsylvania.

Most of the money — part of an initial $2 billion in emergency relief funds that will be distributed before March 30 —  will go toward reimbursing the New York Metropolitan Transit Authority and the Port Authority Trans-Hudson Corp. for capital costs to repair, reconstruct...
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