Metro Magazine

News

Report: Railcar manufacturing down last 5 years

The moderate annualized decrease in industry revenue of 1.7% masks the sharp demand declines experienced during the recession. However, locomotives and railcars are built when ordered, which causes order backlogs that can last an average of three years.

Denver RTD won’t pursue FasTracks tax

RTD Board Chair Lee Kemp said that while economic conditions are improving in the Denver metro area, the timing is not right for a 2012 ballot initiative. The agency is still looking for alternative funding sources for the program, including grants, public-private partnerships and unsolicited proposals.

Hawaii begins rail construction

The $5.3 billion project is moving forward even though the Honolulu Authority for Rapid Transit still needs to secure a full funding grant agreement from the federal government expected to be worth $1.55 billion.

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