Massachusetts Bay Transportation Authority (MBTA) has secured USD 382 million in federal loans to implement Positive Train Control (PTC) project.
The funding was provided through the Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation & Improvement Financing (RRIF) programs, being the first-ever when a financing support was combined under the two programs.
“Securing long-term funding for the PTC project at a low interest rate puts us one step closer to our goal of achieving fiscal sustainability,” said MBTA Acting CFO and Treasurer Paul Brandley.
MBTA is installing PTC technology across all commuter rail lines. The goal is to have all hardware installed by December 2018 and to have the PTC system fully operational by the end of 2020. The he MBTA’s PTC system is designed to prevent train-to-train collisions, derailments caused by high speed, trains speeding through work zones where crews are near the tracks and unexpected movement of trains through “open” switches.
In 2015-2016, PTC installation contract awarded to Ansaldo STS USA, Inc. and by 2018 works on hardware installing along all commuter rail lines should be completed. Between 2018 and 2020, installation of software and other technical elements needed to bring PTC system online will be implemented.
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