FTA study: Rail, bus systems need $77.7B in repairs
by Wally Northway
Published: July 23,2010
WASHINGTON — A Federal Transit Administration (FTA) study estimates the cost of bringing the nation’s rail and bus transit systems into a state of good repair at $77.7 billion.
In addition, a yearly average of $14.4 billion would be required to maintain the systems.
FTA’s National State of Good Repair Assessment Study, requested by U.S. Transportation Secretary Ray LaHood as a follow-up to the 2009 Rail Modernization Study report to Congress, provides a comprehensive analysis of the costs required to bring the nation’s rail and bus transit systems into good operating order. The 2010 study is based on data provided by 36 additional rail and bus operators in both rural and urban areas.
While most of the $77.7-billion backlog can be attributed to rail, more than 40 percent of the nation’s buses are also in poor to marginal condition.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- UPDATED: House subcommittee tosses discrimination elements from religious freedom bill
- Lawmakers debating alternative to Medicaid expansion
- Chris McDaniel gets a thank you note from Travis Childers
- Senate passes teacher pay raise legislation
- White House hotel making comeback in Biloxi
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- States settle with manufacturers in DRAM price-fixing case
- Reactive Surfaces files lawsuit against Toyota in patent dispute
- Pickering collects more money from failed beef plant project