FTA study: Rail, bus systems need $77.7B in repairs
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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi no longer has highest unemployment rate in nation
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Once the bane of only Southerners, kudzu is migrating north and west
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- SouthGroup Insurance named to 'Best Practices' study
- Senators push for protecting steel producers from imported rebar