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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 partnership provides transit agencies with a turnkey approach to optimize their infrastructure and operations for electrification.
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It is the first publicly-funded autonomous electric shuttle transportation pilot and test of driverless technology in Virginia.
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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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APTA is urging Congress to invest at least $32 billion in additional emergency funding to keep systems running safely and to protect the jobs of more than 435,000 industry workers.
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