Mass Transit To Be Stimulated
In my opinion, one of the key issues ignored in the past election was how the federal government could better invest in mass transit. I watched every single debate hoping to get some sort of an answer besides anything auto related. Unfortunately I was letdown each time. However in researching the candidates, it was easy to tell which administration would be more transit friendly. So it comes as no surprise to find out that the President-elect is working on an economic stimulus package that would invest $20 billion in mass transit. Sally Goldenberg of the New York Post has more in this report:
The city’s delayed mass-transit projects will get a cash boost from President-elect Barack Obama’s economic-stimulus package, two New York lawmakers announced yesterday.
Sen. Charles Schumer and Rep. Jerrold Nadler, who are working with Obama’s transition team on details of the stimulus package through their leadership roles in Congress, said the state is expected to get $4 billion – most of it slated for mass-transit capital projects in the metro area.
“This stimulus could be a lifesaver for New York’s mass-transit system,” said Nadler, a senior member of the House Transportation Committee.
Obama’s package is likely to allocate $20 billion to mass transportation nationwide, and New York historically has received one-fifth of national mass-transit funds, Schumer said.
Click here for the complete report.
This is exactly the kind of investment our federal government needs to make to make sure our transit infrastructure is strong. I seriously hope this is just the beginning of such investments from this administration!
xoxo Transit Blogger
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
[…] I wrote about, one of the major issues overlooked in last year’s presidential election was the investment […]