Rail

Houston Metro gets positive report from state audit

Posted on December 5, 2008

Houston Metro received the results of a nearly year-long state audit that found the transit agency is practicing financially sound policies and has adequate processes in place to manage its planned, long-term expansion for light rail.

Areas examined by the auditors included Metro’s General Mobility Program, which provides approximately $100 million annually to the region for new roads and infrastructure. Others areas included financial reporting, ridership reports and performance audit reports.

The FTA recently called Metro’s light-rail program “innovative” in its use of private partnerships and utilization of novel procurement methods that integrate elements of risk-sharing and streamlined project development, construction, operation and maintenance.

 

 

 

 

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