No Picture
Commuter Rail

Metro proposes no fare increase, new buses and rail cars in FY ’07

WASHINGTON – Metro is proposing no fare increase as part of next fiscal year’s budget for the second year in a row. Metro General Manager-CEO Richard A. White in early December outlined the authority’s $1.8 billion fiscal 2007 operating and capital budget proposal today before the Metro Board Budget Committee, which includes new buses, rail cars for eight-car trains and other expanded services. The more than $1 billion operating budget would provide for a traditional 1 percent increase in bus service to relieve overcrowding and improve on time performance. Managers also would like to fund another 2 percent increase in

No Picture
Commuter Rail

NCDA: Latest Construction Cost Estimates for Northstar in Line with Preliminary Budget

ANOKA, Minn. – After completing 60 percent of the design of the Northstar Commuter Rail required by the Federal Transit Administration (FTA), the Northstar Corridor Development Authority (NCDA) has found that updated capital cost estimates are consistent with preliminary cost estimates of $265 million, the group announced Nov. 29. The latest numbers are the result of an in-depth engineering of all project elements today compared to when estimates were developed during preliminary design. "We have always pursued a conservative and careful approach to ensure responsible financial management of this project," said Tim Yantos, executive director of the NCDA. "It’s gratifying

No Picture
Commuter Rail

MARTA Board Approves FY06 Operating and Capital Budget

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

No Picture
Commuter Rail

N.J. Transit Approves Lower Fare Increases

NEWARK, N.J. – The N.J. Transit Board of Directors on April 21 approved an FY 2006 fare plan that delivers lower than expected fare increases for many commuters, as a result of $12.6 million in additional internal management efficiencies and revenue enhancements. Under the plan, which will take effect July 1, commuter rail and interstate bus fares will increase an average of 9.9 percent – down 25 percent from the original proposal. This level of increase is consistent with inflation, which already totals 9 percent since April 2002 – the last last fare increase – and is widely expected to