January 12, 2011

Officials: PATCO rail line sale unlikely

PHILADELPHIA  — Last month, the Delaware River Port Authority (DRPA) attempted unsuccessfully to unload its PATCO commuter rail line, and its $20-million-a-year operating subsidy, philly.com reports.

Last week, the board asked DRPA staff to look into whether a market exists for PATCO. However, with $45.3 million in operating costs and only $24.8 million in revenue projected for 2011, and a $194 million program just under way to rebuild PATCO's 40-year-old fleet, officials say PATCO is not an attractive asset for a private buyer. For the full story, click here.

 

deli.cio.us digg it stumble upon newsvine
[ Request More Info about this product / service / company ]


E-NEWSLETTER

Receive the latest Metro E-Newsletters in your inbox!

Join the Metro E-Newsletters and receive the latest news in your e-mail inbox once a week. SIGN UP NOW!

View the latest eNews
Express Tuesday | Express Thursday | University Transit

White Papers

Mass Transit Capital Planning An overview of the world-class best practices for assessing, prioritizing, and funding capital projects to optimize resources and align with the organization’s most critical immediate and long-term goals.

More white papers


STORE
METRO Magazine Fact Book - 2014

There are the Highlights:
  • Industry Analysis: Economic Impact of Public Transportation
  • Industry Data
    And Much More…..
  •  
    DIGITAL EDITION

    The full contents of Metro Magazine on your computer! The digital edition is an exact replica of the print magazine with enhanced search, multimedia and hyperlink features. View the current issue