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Issuing Climate Bonds will help WMATA attract more environmentally conscious buyers to increase investor demand and result in a better, more competitive rate for the transit agency.
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The full board is expected to approve the committee’s recommendation on April 22.
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The upgraded facility will advance the agency’s goals for an improved transit experience and process for railcar maintenance and repairs.
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Customers can find this real-time information when tracking their bus at buseta.wmata.com, and in the agency’s open data feed for third-party transit and mapping applications like Google Maps.
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The report also presents the last annual set of performance and condition data prior to the stay at home orders issued in the region and travel changes stemming from the COVID-19 pandemic.
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Virginia law currently limits increases on money the Commonwealth Transportation Board provides for the transit agency.
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The agency has estimated it will deplete its share of CARES funding by the end of the calendar year.
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To support the effort, thousands of frontline WMATA employees will transition to new work schedules as the region continues its gradual recovery and more customers are expected.
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Its success depends on a sustained downward trajectory in infections and a gradual ramp-up in service and ridership.
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Proposed plan for the agency’s future office building at New Carrollton will be integrated into an urbanized town center.
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