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The biggest changes in the city's public transportation will include three bus rapid transit (BRT) lines, destruction of the Perimetral highway and the introduction of a light rail tram system.
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Fifteen of the 16 cities in Salt Lake County have passed resolutions that support placing a vote on this year’s ballot according to the Salt Lake Tribune.
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Such deferrals could hurt an entity's credit if capital costs escalate over time, putting the system at risk. Conversely, proceeding with such projects could also hurt the credit rating if the resulting liquidity and debt levels are not already reflected in the rating.
Read More →A new Reason-Rupe poll finds 77% of Americans oppose increasing the federal gas tax, while just 19% favor raising the tax, which is currently 18.4 cents a gallon.
Read More →To date, $48.1 billion has been made available for highway, road, transit, bridge and airport construction and repairs nationwide. Of that, $30.6 billion already has been obligated to fund 10,041 approved projects in 53 U.S. States and Territories, with 6,547 transportation projects underway.
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