Nearly $80 billion needed to shore up nation’s rail, bus system, study shows

“Transit remains one of the safest forms of transportation, but this report shows the clear need to reinvest in our bus, subway and light rail systems,” Transportation Department Secretary Ray LaHood said Wednesday in a statement. 

The FTA is providing $775 million through a competitive funding program. So far, about 400 project applications worth about $4.2 billion have been submitted for the grants.

“Investment in the nation’s transit infrastructure is important to a healthy economy and most importantly, the safety and well-being of our riders,” FTA Administrator Peter Rogoff said in a statement.