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The budget reflects an ambitious 30-year vision for the U.S. DOT to take the U.S. “Beyond Traffic,” toward a transportation network that matches the changing geography of where people live and work and fosters innovation and adapts to evolving technology.
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The University Link extension is expected to add up to 12 million more annual riders on the light rail system by 2020.
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Agency is leaning toward cutting the service, which keeps trains and some buses running about 90 minutes later on early weekend mornings at a cost of $14 million per year, as it seeks to plug a budget gap of $242 million next year.
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The 2016 budget also introduces, builds on and accelerates several new initiatives, service improvements, and technology upgrades to benefit riders and improve the customer experience.
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A paratransit fare increase may be proposed to fill the gap; however, Pace Executive Director T.J. Ross acknowledged it would be very difficult for those riders to absorb.
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NJ TRANSIT officials have said the increases, which were proposed in April, are needed to close a $60 million budget gap that remained even after the agency recently cut $40 million. The increases are the first since 2010 when fares increased an average of 22%.
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In December, the Northeast Corridor Infrastructure and Operations Advisory Commission voted, 17-1, to approve a new cost-sharing policy, designed to spread the burden for spending $425 million a year for the next three years for maintenance and upgrades on the corridor.
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Aging track ties and instability in the track bed, or ballast, that force operators to apply the brakes to proceed safely is partly to blame in addition to a $150 million budget gap that would bring the rail system to a state of good repair.
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Administration created the new transportation system a year ago to try to alleviate crowded campus parking and provide Shocker Hall students with 24/7 access to their cars. University officials said they expect to realize financial savings, as well as make students living in the dorm happier.
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Key findings of the report found that nearly two-thirds of BART's railcar fleet will be at least 25 years old by fiscal year 2016-17, with the majority being 40 years old, and the agency faces cash-flow challenges for projects, with its total capital needs projected to cost more than $9.6 billion between fiscal years 2014-15 and 2023-24.
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