MBTA SECURES FINANCING FOR TRAIN SAFETY IMPROVEMENTS
The MBTA has secured the funding necessary to move ahead with the federally-mandated implementation of anti-collision technology for the commuter rail system, the agency announced Monday.
Through the Transportation Infrastructure Finance and Innovation Act (TIFIA) and the Railroad Rehabilitation & Improvement Financing (RRIF) program, the T has obtained $382 million in federal loans to fund its positive train control implementation. The transit agency said it is the first-ever combined commitment under the two programs.
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