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Richmond Mayor Dwight C. Jones announced Friday that he will pursue a $10 million federal grant to advance the third and final phase of the renovation of Main Street Station.

If the funding comes through, the money will be used to complete a variety of multi-modal transportation initiatives, including renovating the train shed, reopening Franklin Street under the shed, improving rail amenities, adding electric vehicle charging stations and preparing for the eventual establishment of a welcome center.

The grant was approved this week by the Richmond Area Metropolitan Planning Organization, and Jones plans to introduce an ordinance to secure the grant at Monday’s City Council meeting. That grant will still need final approval from the Commonwealth Transportation Board in June, according to city officials.

“The region has been working for more than two decades to renovate one of Richmond’s most iconic buildings into a true multi-modal transportation center,” Jones said in a statement. “This funding will kick-start the final renovation phase and we’re grateful to our neighboring localities for supporting this effort to strengthen the region’s transportation network.”