Metro needs more than $11 billion over 10 years to maintain, expand and improve train, bus and paratransit service, General Manager John B. Catoe Jr. said today. More than $7 billion of that is needed just to keep the region's largest transit agency running in a safe and reliable manner.
Metro's needs include replacing one-third of the rail fleet, 300 rail cars that are more than 30 years old and nearing the end of their life cycle; replacement of about 100 buses every year; repairs to leaky tunnels and crumbling station platforms; and repairing old bus garages, one of which is more than 100 years old.
Monday, September 22, 2008
Sorry, Outta Money, Wall Street EATED IT
Chump change in the scheme of things though.