A southbound MARTA train operates in August 2013. (Photo by Todd DeFeo/The DeFeo Groupe)
ATLANTA – Pending approval by MARTA’s Board of Directors during its Thursday meeting, General Manager/CEO Jeffrey Parker and Stadler US President Martin Ritter are scheduled to sign an agreement for the procurement of 254 new rail cars for the MARTA fleet.
The $646 million agreement is a milestone in the Authority’s capital improvement program, which is aimed at improving performance and enhancing customer experience.
MARTA has procured rail cars three times previously – in 1979, 1985 and 2003.
The Stadler procurement, however, will mark the first time that previously purchased cars have been retired, MARTA officials said.
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Todd DeFeo loves to travel anywhere, anytime, taking pictures and notes. An award-winning reporter, Todd revels in the experience and the fact that every place has a story to tell. He is owner of The DeFeo Groupe and also edits Express Telegraph and The Travel Trolley.
ATLANTA – The Board of Directors of the Metropolitan Rapid Transit Authority today passed a $770.7 million Operating and Capital Budget for Fiscal Year 2006, which begins on July 1, 2005. In conjunction with their decision, the Board also passed a new policy requiring that an amount equivalent to 10% of the prior year’s operating budget be maintained in an operating reserve account. "After careful thought and deliberation, this board has passed a budget that is responsible and that will allow us to continue to provide the best possible service to our customers through enhancements to our operations as well
ATLANTA — The latest economic forecast issued in December 2008 for MARTA by the Georgia State Economic Forecasting Center predicts a further worsening of its current fiscal crisis by an additional $10 million, the transit agency said. The forecast also predicts MARTA will experience a cumulative loss of more than $1.2 billion in sales tax revenue over the next ten years – that is up an additional $588 million from its fall 2008 report. “This latest forecast truly underscores the magnitude and severity of the economic times that we are currently dealing with,” said Beverly A. Scott, MARTA General Manager
