The completed project is expected to include a 22-mile streetcar loop with connections to the existing MARTA rail system and the downtown Atlanta Streetcar Project.
Principles agreed upon by the bipartisan Environment and Public Works Committee include passing a long-term bill, as opposed to a short-term patch.
Such deferrals could hurt an entity's credit if capital costs escalate over time, putting the system at risk. Conversely, proceeding with such projects could also hurt the credit rating if the resulting liquidity and debt levels are not already reflected in the rating.
A report released by MassINC said that the federal government would likely decline the state’s request for help in paying for the nearly $1 billion transit extension, due to the agency’s debt load and lack of a long-term transportation finance bill.
This crop of conservatives simply doesn't believe the federal government has a role in developing the infrastructure we need to stay competitive in the global economy.
Eighty percent of private sector businesses indicated that the level of federal investment in public transportation has a large influence on business revenue. Survey also showed that if federal surface transportation authorization is further delayed, 84 percent of respondents predict revenue losses, 50 percent may need to lay off employees and 49 percent may implement hiring freezes.
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