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High-speed rail projects move forward despite coronavirus

(Source: Construction Dive, August 15, 2020)

WASHINGTON, D.C. — With more people working remotely, transportation agencies have found themselves with less revenue, which could mean fewer expansions of commuter transit services and a diminished ability to stay current with maintenance. In New York City, for example, Metropolitan Transportation Authority (MTA) officials said recently that without federal assistance, the agency faces a $16 billion funding gap through 2024 and has put its $50 billion capital program on hold in no small part because of coronavirus-related loss in revenue. High-speed rail projects could feel the cash crunch as well.

Full story: Construction Dive

Monday, August 17, 2020

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