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The Federal Role in the Future of Rail
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According to a recent article in Congressional Quarterly, the New York City area spent at least $7 billion more than any other city in the country on public transportation in 2006: $521 per capita. Perhaps that is not so surprising considering how many of the region’s 18 million residents depend on the rail, subway, and bus systems. But just 8% of those funds come from the federal government.
By comparison, Paris ($1,852) and London ($1,242) spend more than double New York’s per capita sum on mass transit.
Nations such as China and India are planning to spend between 8 and 9 percent of their gross domestic product on infrastructure upgrades and mass transit…That commitment makes for a sober contrast with what the United States now spends on its efforts to shore up its transportation infrastructure while also launching more efficient, congestion-relieving mass transit projects: less than 2 percent of the nation’s GDP.
The article cites a few examples of successful local public transportation initiatives, such as DART in Dallas, that are leveraging private investment or local funding, but most agree that the federal government must assume a larger role. In fact, the independent National Surface Transportation Policy Review Commission released a report in January concluding there is no way local governments, even flush with more private funding, can sustain capital-intensive transit networks alone.
Obviously, this discussion is relevant to Moynihan Station. A complex partnership between various public and private interests is struggling to knit together the funds for a monumental transportation project with clear regional economic benefits.
But if Moynihan Station were in London would funding be such a problem?
Come to our first panel discussion on Wednesday to hear from the experts on the future of rail in the U.S. and how it will be funded.
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