Buoyed by an injection of federal relief funds during the pandemic, the MBTA will redirect half a billion dollars toward major safety investments, electric bus infrastructure, workforce retention efforts and matching grant programs.
MBTA General Manager Steve Poftak on Thursday outlined a plan to spend $500 million on a suite of capital investments, pitching it as a way to target important behind-the-scenes improvements at a time when one-time dollars have created new flexibility for a transit agency that stares down budget gaps year after year.
All of the money set to be reallocated comes from the T's traditional revenue streams like fares and advertising. Officials feel empowered to rethink their spending approach after a trio of federal emergency relief laws collectively steered nearly $2 billion to the MBTA, money that closed operating budget gaps ripped open by the COVID-19 pandemic and ensuing plummet in fare revenue.
About $67 million would go toward programs and features aimed at improving safety across the system, including money to deploy anti-collision technology on the Green Line one year earlier than planned.online by 2023, more than a decade after a pair of crashes in 2008 and 2009 initially prompted the Federal Transit Administration to recommend its use by the T.when a trolley traveling three times the speed limit smashed into another trolley from behind, injuring 27 riders.
, while $89 million more would flow into existing capital programs such as implementation of anti-collision technology on commuter rail trains. Fellow board member Travis McCready added that zeroing in on capital spending — which covers maintenance, modernization and expansions —"is not an esoteric use of funds."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Samsung's revenue buoyed by foldables, tips cheaper 5G phones and 200MP cameras in 2022Samsung's mobile division is on the mend due to the market success of foldable phones and the company has big plans for 2022.
Les mer »
Bentley Plans to Unveil Its First EV by 2025 and to Be Carbon Neutral by 2030The British marque will spend $3.4 billion over the next decade to reach both goals.
Les mer »
Renault Nissan Mitsubishi Alliance confirms plans to build 35 new EVs by 2030 | EngadgetThe Renault Nissan Mitsubishi Alliance has announced plans to spend $25.8 billion (€23 billion) with the aim of having 35 EVs by 2030..
Les mer »
Peacock Reaches 9M Stand-Alone Premium Subscribers And 7M More Via Paid Bundles; Comcast Plans 2022 Spending Ramp-Up To $3BComcast CEO Brian Roberts reaffirmed the strategic course for NBCUniversal’s Peacock, revealing new metrics for the streaming service and signaling a plan to boost spending on programming. Sp…
Les mer »
Microbes survive deep below the seafloor at temperatures up to 120°CLiving microbes have been found in sediments 1.2 kilometres below the seafloor where the temperature reaches 120°C, showing that life may be possible far deeper than previously thought
Les mer »
Snow storm takes aim on Northeast: Latest forecastWEATHER: A snow storm is bearing down on the East Coast, with snow even expected to reach as far south as coastal North Carolina.
Les mer »