Infrastructure in the News: September 24, 2010
Transpo Nation wrote that the American Public Transit Association reported transit trips growth for the first time since late 2008 in the second quarter of 2010, and according to All Voices the crumbling U.S. infrastructure is slowing the economic growth. More in this Infrastructure in the News.
AP: Obama's rail plan riding on key governor races
President Barack Obama's plan for high-speed passenger rail has a lot riding on the outcome of some key gubernatorial races in November.
Transpo Nation: APTA: Public Transit Up For The First Time Since Late 2008
That may be changing. The American Public Transit Association is reporting that transit trips ticked up by 0.1 percent in the second quarter of 2010. APTA says that may be because the economy is actually shivering to life. “History shows that as the economy grows, public transit ridership tends to increase. This rise in ridership offers a glimmer of hope that we may be coming out of the economic recession and ridership will continue to move upward.”
All Voices: Crumbling U.S. Infrastructure Slowing Economic Growth
Crumbling U.S. infrastructure is slowing economic growth, according to a new index released today by the U.S. Chamber of Commerce. The newly introduced “Transportation Performance Index” is designed to show over time how U.S. transportation infrastructure is serving the needs of the U.S. economy and business community. This year, the index reveals that over the past five years failing infrastructure is weighing heavily on economic growth.
Reuters: LA mayor brings infrastructure bank model to Washington
Los Angeles Mayor Antonio Villaraigosa is on a mission to convince lawmakers, lobbyists and think tanks in the U.S. capital that his initiative to finance a new public transit project can reach beyond the City of Angels and become the blueprint for an infrastructure bank.
Star Ledger: Don't let this opportunity slip away: Keep Hudson rail tunnel project on track
No one can blame Gov. Chris Christie for his 30-day moratorium on the Access to the Region’s Core project, the enormous undertaking to build a new passenger rail tunnel under the Hudson River. But he must do everything in his power not to let this extraordinarily valuable public works project slip away over exaggerated fears of future costs that may never materialize.
State and local governments account for about 75 percent of total public spending on transportation and water infrastructure and the federal government accounts for the other 25 percent.