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Gov. Terry McAuliffe warned Tuesday that if Richmond opts to delay plans to build a bus rapid transit line on Broad Street, the city could very well lose its federal funding for the project.

“If they don’t want it, that is their decision, but we’re not going to wait forever and I will give the money back to the federal government,” McAuliffe said in an interview Tuesday. “They’ll take it back very quickly.”

The Richmond City Council is scheduled to vote on the project, called The Pulse, at its meeting Monday. The vote had been scheduled to take place late last month, but the meeting was canceled because of snow.

Ahead of the vote, some City Council members and a coalition of 10 neighborhood groups have called for the project’s timeline to be pushed back a year, which would put it in line with an earlier construction schedule.

McAuliffe said that with other localities in the state competing for the same funding, a year is too long to wait.

The bulk of the $49 million project is funded by a $25 million competitive federal grant that McAuliffe lobbied federal officials to get. The state is chipping in an additional $17 million, leaving the city to pay $7.6 million and Henrico County to pay $400,000.