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.
Already a subscriber? Login to continue reading...
Get the Rest of the Story!
State House News Service subscribers include media outlets, corporations, non-profits and law offices of every size. You may request a free 21-day trial of the News Service for your company by submitting the form below.
If you are already a subscriber and need access to SHNS, please send an email to firstname.lastname@example.org or call 617-722-2439.
Note to political campaigns: We do not accept trial requests from campaigns from June 24 through Election Day. However, we would be happy to start a pre-paid subscription for your campaign (except for constitutional offices, congressional offices and statewide campaigns) at a deeply-discounted rate of $22/week, paid through the election. Simply email Virginia Cummings to set up this subscription; she'll send you further instructions.