Budget

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.

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