According to a new report on the state of America’s transport infrastructure released by the US Department of Transport, USD 26.4 billion is needed per year to improve the condition of transit rail and bus systems.
In 2012, total spending to preserve and expand transit systems was USD 17 billion. If transit investment is sustained at those levels, overall transit system conditions are expected to decline over the next 20 years, and increasing the transit system preservation backlog from an estimated USD 89.8 billion to USD 122 billion.
Between 2002 and 2012, the report found that transit route miles increased by 32 percent, with light rail growing faster than any other transit mode.
The “2015 Status of the Nation’s Highways, Bridges and Transit: Conditions and Performance,” confirms that more investment is needed not only to maintain the US highway and transit systems but to overcome a nearly trillion-dollar investment backlog.
The new Department of Transport report on highway, transit conditions reveals that America’s infrastructure investment needs USD 926 billion.
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