Maryland Transit Administration forecasts $2 billion shortfall over next decade

The Maryland Transit Administration faces a funding shortfall of more than $2 billion over the next decade — money that is needed to keep the agency’s transit systems running safely, in compliance with regulatory requirements, and enhanced with new technology and mobility options, according to the agency’s first Capital Needs Inventory. The report, required as part of last year’s Maryland Metro/Transit Funding Act following the emergency shutdown of the Baltimore Metro Subway, identifies $5.7 billion in necessary spending between now and 2028. (Balt. Sun)

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