A rendering of the Atlanta Streetcar stop at the Sweet Auburn Curb Market in downtown Atlanta
ATLANTA -- The MARTA Board of Directors has signed off on a $7 million increase for the Atlanta Streetcar.
The revised contract approved by the board on Monday sets the project's price tag at $59 million.
The additional amount will cover improvements to the project's scope and design - including new streetscapes and bicycle lanes - plus a 7 percent contingency fund, MARTA reported in a news release.
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The additional funds will come from existing contingency funds.
The transit agency serves as technical advisor and designated recipient of a $47.6 million federal grant the project received in 2010.
"We continue to work closely and effectively with our partners at City Hall and the Atlanta Downtown Improvement District to ensure that we realize the full potential of this project," MARTA board Chairman Fred Daniels said.
The 2.7-mile streetcar will loop through downtown Atlanta connecting with popular tourist destinations, MARTA's Peachtree Center station and the planned Atlanta Beltline.
(Atlanta Business Chronicle)