Friday, October 17, 2008

Where could $248 billion get us?

For many months, we have seen that transit ridership has been increasing across the country. Now and in the future, many of our current systems will need funding to modernize their transit lines and to keep up with growing demand. Funding will also be needed for the 37 states that have proposed 400 new transit projects.

According to a new report from Reconnecting America, interest in new transit projects is worth $248 billion. This is roughly the same amount that SAFETEA-LU allocated to surface transportation from 2004 to 2010, of which transit will only see 20%. Imagine where we could get if the next administration invested all of that funding in new transit projects. Energy independence? Reduction of GHG emissions? New jobs? Economic security?

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