Public Transit Budgets Squeezed As Demand for Services Grows - ENR | McGraw-Hill Construction

Description:
Transit leaders are warning of a “perfect storm” that is tightening budgets precisely when more capacity needs to be built on rail and bus lines. At the American Public Transportation Association’s annual meeting in San Diego on Oct. 5-8, attendees discussed challenges facing public transportation. “High gas prices are a double-edged sword for us,” says William Millar, APTA president. Thanks in part to soaring gas prices, Americans took more than 2.8 billion trips on public transportation in the second quarter of 2008, almost 140 million more than last year’s second quarter, according to APTA statistics. A survey APTA released shows 85% of transit systems nationwide are now experiencing capacity problems. ...

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