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The move would allow members of the Counties Transit Improvement Board to levy more local taxes for transit, allow each the flexibility to jump-start projects, and depend less on the State Legislature for funding.
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The Full-Funding Grant Agreement with the FTA is the final step in securing the funding needed for the $2.1 billion first phase of the RPM project.
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The SFMTA’s ultimate purchase of 260 light rail vehicles may be one of the largest purchases of light rail vehicles in North America in modern history, and will increase Muni’s light rail vehicle fleet by 50%.
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Raising operational and safety issues, officials wrote a letter to GoTriangle saying they “cannot support” the rail line’s route as currently proposed, but still support the system.
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Transportation Secretary Anthony Foxx launched the Build America Bureau earlier this year to provide a one-stop-shop for state and municipal governments to find innovative solutions to funding critical infrastructure projects.
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With the station at NCCU, the 17.7-mile rail line will stretch from UNC Hospitals in Chapel Hill to NCCU in Durham, connecting three major universities.
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The 1.6-mile South 200th Link Extension to Angle Street Station in the Seattle suburb of SeaTac connects Sound Transit travelers to the existing 18.8-mile Link light rail that runs north to Seattle-Tacoma Airport, the city’s downtown, Capitol Hill and the University of Washington.
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Will be responsible for providing project management and technical expertise related to rail systems for subways, commuter rail, light rail, and people movers.
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By expanding current rail systems, Miami-Dade could add about 30 miles of track for less than $4 billion, according to the latest estimate.
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The $477 million sale consisted of fixed-rate bonds at a total interest cost of 3.596%. The favorable rate is significantly lower than the 5.3% average over the last 30 years.
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