Rail

UPDATED: Detroit streetcar facing $12M shortfall

Posted on June 18, 2014

DETROIT — The city’s planned 3.3-mile $137 million M-1 Woodward Avenue streetcar project faces a $12 million funding shortfall and applied for a supplemental $12.2 million from the U.S. Department of Transportation, reported the Detroit News.

The News obtained a two-page letter to Transportation Secretary Anthony Foxx warning the project urgently needs additional grant money to proceed, but said it would survive without the funds, though; it would have to be scaled back. For the full story, click here.

UPDATE: M-1 Rail President/CEO Matthew P. Cullen issued a statement regarding reports the Woodward streetcar system is struggling:

"News reports published today suggested our project is in jeopardy. It is not.

The construction of the M-1 RAIL streetcar will proceed as planned and commence upon City Council approval of our operating agreement. We hope for approval next week.  

We remain very optimistic about the requested TIGER grant based on the quality of our application, the strong support of the Mayor, our congressional delegation and others, the Administration’s focus and commitment to the City of Detroit, and the profound impact of this project for our community. That being said, the TIGER grant is just one component of our funding structure; there are contingency strategies that we will deploy if the grant is not approved."

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

More News

MARTA launches initiative to aesthetically enhance rail stations

The authority kicked off the newly established “Artbound” program with an inaugural launch event featuring dancers and musicians at Five Points MARTA Station this week.

Alstom-equipped Bangalore Metro Green Line launches service

It includes the Urbalis 200 Automatic Train Control system, which will ensure optimal safety, flexible operations, and heightened passenger comfort, according to the company.

Bombardier wins major UK rail, maintenance contract

In addition, the company will execute a Technical Services and Spares Supply Agreement for the duration of the seven-year franchise, with an option to extend for 11 periods in line with the existing franchise extension option.

Honolulu legislature to hold special session on rail project funding

The project was expected to cost $5.2 billion just a few years ago but is now estimated to cost as much as $10 billion with financing. The city’s latest figures project a $1.384 billion shortfall from now to 2024.

Brookville to build streetcar fleet for Valley Metro's Tempe line

The Liberty Streetcars will operate along a new corridor connecting Tempe residents and visitors, as well as Arizona State University students with key current and emerging local destinations.

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 number 1 resource for vocational 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