Topic : budget issues

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FTA issues new ultimatum on Honolulu rail project

Rail| September 24, 2018

The FTA’s estimate puts rail’s price tag at $8.3 billion, which is $134 million more than the city’s budget estimate. HART now needs to find that additional money in the next 60 days.

Report finds Honolulu rail project still $134M short

Rail| July 3, 2018

An independent report from Jacobs Engineering also found that the rail system won’t be ready for service until September 2026.

Government Issues| June 20, 2018

Gov.'s budget proposal includes $242M boost for NJ Transit

To cover the bump, Gov. Murphy wants to raise taxes by more than $1.5 billion.

Management & Operations| June 19, 2018

North Va. Transportation Authority adopts $1.2B six-year program

The authority’s milestone action marks the first time the regional transportation planning, programming, and funding body has funded a six-year transportation program.

Rail| April 3, 2018

N.Y.'s NFTA to receive extra $9M in state funding for rail system improvements

Assemblyman Sean M. Ryan, who credited other local delegation members with helping bring home the Metro Rail funds, has called for a five-year, $100 million capital plan to address the system’s needs.

Rail| February 22, 2018

Metra looks to purchase 21 used locomotives

The F59PHIs, which were built by the Electro-Motive Division of GM in 1998 and have been rehabbed within the last five years, have similar parts and operating characteristics to Metra’s existing fleet of EMD F40s, some of which are 35 years old and are in need of overhaul.

Management & Operations| December 14, 2017

Chicago Transit approves 2018 budget, includes first fare increase in 9 years

The Chicago Transit Board also approved a $2.7 billion five-year capital budget for 2018-2022, continuing more than $8 billion of historic transit investment completed, begun or announced by Mayor Rahm Emanuel since 2011.

Management & Operations| November 22, 2017

CTA budget proposes $23M in cuts, fare increases after $33M cut in state support

Upon adoption, the fare increase will generate $23 million for CTA operations, while the capital budget includes a new revenue stream from ride-hailing fees that will pay for projects that improve CTA infrastructure and service.

University| October 23, 2017

American spending on transportation drops by 11.3% since 1989

While transportation costs accounted for the second-largest household budget category behind housing expenses in both 1989 and 2016, transportation expenditures relative to housing costs declined from 61.6% in 1989 to 47.9% last year.

Rail| October 11, 2017

Design-build taking transit into the future

Design-build minimizes risk, reduces delivery time, keeps budgets in line, and mitigates funding partner concerns throughout project duration. With traditional design-bid-build, owners, designers, and contractors are segregated from design concept to final construction.

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