(Albany, NY) – The Capital District Transportation Authority (CDTA) and the Capital District Transportation Committee have collaborated to introduce a new program to the Capital Region offering free approved bike racks to both public and non-profit sectors. The program offers up to a $1,000 subsidy through Travel Demand Management grants. The private sector is also eligible for a 50% cost-share of approved bike racks.

The federal government is giving $3.5 million to CDTA to help it convert to diesel-electric hybrid buses made possible through the "Transit Investments for Greenhouse Gas and Energy Reduction" grant program. The cash grant is part of $100 million in economic stimulus funds to help fund what the Transportation Department called "cutting-edge environmental technologies to help reduce global warming" and "lessen America`s dependence on oil." CDTA was one of 43 transit agencies nationwide who were chosen in the fierce nationwide competition to receive this extra funding.