Thursday, March 8, 2012

Metro Provides Update on Capital Rebuilding Effort‏

Metro today provided an update on its progress to rebuild the system following years of underinvestment. In the six-month period from July 1 to December 31, 2011, Metro spent $307 million on capital projects ranging from replacing railcars, switches, rail and track components to rehabilitating station platforms, escalators and elevators.

According to a Metro press release, the major investment is already showing results in the form of improved reliability on Metrobus and Metrorail, greater availability of escalators, and improved safety. Metro cites as an example, that delays attributable to track circuit problems have declined more than 75 percent in the fourth quarter of CY11 as compared to the previous quarter.

The proposed fiscal 2013 capital budget accelerates efforts to rebuild Metro, with nearly a billion dollars ($997M) in investment projected in the year.

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