FTA Study: $77.7 Billion Needed to Bring Nation’s Rail and Bus Transit Systems into ‘State of Good Repair’: "
A Federal Transit Administration (FTA) study released today estimates the cost of bringing the nation’s rail and bus transit systems into a state of good repair at $77.7 billion. In addition, a yearly average of $14.4 billion would be required to maintain the systems.
FTA’s National State of Good Repair Assessment Study, requested by U.S. Transportation Secretary Ray LaHood as a follow-up to the 2009 Rail Modernization Study report to Congress, provides a comprehensive analysis of the costs required to bring the nation’s rail and bus transit systems into good operating order. The 2010 study released today is based on data provided by 36 additional rail and bus operators in both rural and urban areas".