US DOT: $926 billion investment needed for transportation infrastructure

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USDOT
WASHINGTON — A new report issued by the U.S. Department of Transportation notes that transportation infrastructure is in need of a $926-billion investment.

The information, filed in the agency’s 2015 Conditions and Performance report, highlights the need for continued investment in the country’s public transit systems – noting a near trillion-dollar backlog in infrastructure investment.

In the report, federal officials say more than $26.4 billion is needed per year to improve the condition of rail transit and bus systems. That’s a more than $9-billion increase from the $17 billion per year need projected in the agency’s report from 2012.

According to the report, transit route miles have increased more than 30 percent between 2002 and 2012, with light rail growing faster than any other form of public transit.

The agency’s conditions and performance report is a biennial report to Congress that provides information on the physical and operating characteristics of transportation systems in the country.

NEWSWIRETrains News Wire

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