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Rail News: Rail Industry Trends

Northern Virginia area faces funding shortfalls

Northern Virginia Transportation Commission (NVTC) recently released a guide that cites funding needed for area transit projects.

During the next six years, Washington Metropolitan Area Transit Authority is expecting a $1.5 billion funding shortfall and Virginia Railway Express will need $100 million to purchase rail cars, according to the guide. Northern Virginia’s 2020 transportation plan also shows a $25 million transit funding shortfall.

Since fiscal-year 2001, NVTC’s local governments have increased subsidies 41 percent, while state aid has grown only 15 percent, according to NVTC.

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More News from 10/6/2003