Bus

APTA: Public transit projects support, create jobs

Posted on December 2, 2009

On Wednesday, the American Public Transportation Association (APTA) called on Congress to invest at least $15 billion in public transportation to support and create hundreds of thousands of jobs and stimulate the economy.

APTA recently completed a new survey of public transit systems nationwide that identified more than $15 billion in public transportation capital projects that can be started in 90 days. It is estimated that this investment in public transportation would support and create more than 450,000 jobs.

The vast majority of public transit systems also identified additional needs beyond $15 billion for federal assistance to avoid employee layoffs and service cuts.

"There's no doubt that new federal funding for public transportation will create and maintain much-needed jobs," said APTA President William Millar. "Funding public transit should be a priority since it helps local economies while also supporting our developing green economy."

According to the "Economic Impact of Public Transportation Investment," a report completed by the Economic Development Research Group this fall, these benefits add up to the fact that for every $1 invested in public transportation, an average of $4 is generated in economic returns. Roughly $3.6 billion of business sales and nearly $500 million in federal, state and local tax revenues are also generated.

 

 

View comments or post a comment on this story. (0 Comments)

More News

Maine's Greater Portland Transit adds pass for high school students

The Transit Pass allows free and unlimited use of METRO bus routes during the academic school year, including weekends and break periods.

San Francisco introduces interactive, online performance dashboards

The site contains results from 13 key areas, including the percentage of on-time performance, mode share, crime stats, the agency’s carbon footprint, collision data and other information aligned with the SFMTA’s strategic plan.

ABC founder, industry icon Clancy Cornell passes

The founder of ABC Companies, Clancy grew a small transport service — Faribault Bus Service — into an industry force leaving an indelible list of accomplishments and memories in his path.

Chicago to buy 125 new buses per Mayor's 'modernization' plan

The new bus order is part of a contract CTA awarded to Nova Bus in January 2013. The new buses will replace the oldest vehicles in the fleet – the Nova 6400-series buses, which were purchased between 2000-2002.

Allied Specialty Vehicles names Furman to VP sales post for ASV Bus

Shawn Furman has been named southeast regional VP of sales for ASV Bus. Furman will represent ASV’s commercial, transit and school bus brands and report to John Walsh, vice president of sales and marketing for ASV Bus.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close