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With impacts including a shrinking number of vehicles and less road congestion currently being ignored when the financial feasibility of projects is being studied, a new economic value added model must be used to illustrate the total realizable benefits that can be obtained.
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On-demand system in Peoria County that has seen ridership grow over the last 15 months expects to be in the red by March or April 2013. MV Transportation, which operates the service, may renegotiate its contract.
Read More →The improvements covered by the grant will save more than an estimated $80,000 a year in utility and operations costs and allow the agency to leverage an additional $175,000 in utility rebates.
Read More →The county’s bus service, C-Tran, would have been funded had the so-called T-SPLOST referendum been passed by voters in July. The agency ceased operations in 2010 after commissioners voted against funding the service.
Read More →He also announced the establishment of the Project Finance Center to help state and local government project sponsors analyze financial options for highway, transit, rail, intermodal and other surface transportation projects facing funding challenges.
Read More →The city's $10 million grant will be used to replace aging Metrobus diesel vehicles with new hybrid-electric buses that will reduce fuel costs, lower emissions, and provide a more comfortable, reliable ride in one of the most populated counties in the Southeastern U.S.
Read More →Two weeks ago, President Barack Obama signed the new MAP-21 surface transportation bill, funding transportation programs and giving public transit a much needed sense of stability, even if it’s for only two years.
Read More →Bill authorizes the state to begin selling $4.5 billion in voter-approved bonds that includes $2.6 billion to build an initial 130-mile stretch of the high-speed rail line in the Central Valley.
Read More →Half a dozen transit providers said they would like to expand their paratransit and possibly on-demand services to help out, but they are running into the same lack-of-funding roadblock that has haunted the region's transit for decades
Read More →Down from $370.2 million total expenses in Fiscal Year 2012. Includes a fare increase set for July 1 and a 35% service reduction scheduled for Sept. 2.
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