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

Feds wants more proof of local money for Durham-Orange light rail line

Go Triangle expects its Board of Trustees to vote April 26 on a $70 million engineering contract, which would be executed only after the FTA allows the project to advance.

SEPTA trains collide, injuring 4

Crews are still working to remove the 18 cars involved, with each car weighing about 37 tons. The NTSB is on the scene and fully in charge of the investigation.

Minn. legislators attempting to move $900M from rail to roads, bridges

GOP legislators have long sought to block planning and funding for light-rail projects, saying they put metro-area priorities above rural Minnesota.

Alstom secures $105M Australian trainset contract

The contract will expand PTV’s fleet to 101 trains (606 cars) delivered from Alstom’s manufacturing facility in Ballarat since 2002.

DC Streetcar fares to remain free

The decision to hold off on charging fares was based on two reasons — District Department of Transportation feared charging even $1 per ride would scare away passengers and charging a fare would actually cost the District money.

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