A combination of Federal and State funding was obtained for the project. In March 1972, the entire cost of the section between 34th Street and 126th Street, according to the project's Draft Environmental Study, was estimated to be $381 million. In June 1972, it was announced that UMTA would grant $25 million for the construction of this section of the line. The MTA had requested $254 million in federal funds for the northern part of the line. Preliminary estimates of the cost of the southern portion of the line came to $450 million.