May 24, 2010
Passenger Transport
In his keynote speech at “Next Stop: A Summit on the Future of Transit,” Federal Transit Administrator Peter M. Rogoff explained that the figure is part of a new report to be released in the near future, which covers 690 U.S. rail and bus systems. This report follows a 2009 study of the seven largest U.S. rail operators, which showed a $50 billion figure for bringing the systems into a state of good repair—not, he emphasized, restoring them to pristine new condition.