FINANCIAL RESOURCE NEEDS OF PUBLIC TRANSPORTATION SYSTEMS

As part of the American Association of State Highway and Transportation Officials (AASHTO) Transportation 2020 consensus building effort, existing public transportation data were analyzed to estimate the capital and operating condition, performance and funding requirements of the nation's transit systems at interim time periods through the year 2020. Transit systems were divided into three categories: systems serving urbanized areas with a population over 200,000; systems serving urbanized areas of 50,000 to 200,000; and specialized and rural transit systems funded through UMTA Section 16(b)(2) and Section 18. This paper illustrates the difference between estimated capital investment costs and projected available capital funding for each transportation system category assuming current funding programs remain unchanged. This is accomplished by comparing expected funding availability to estimated capital costs of existing transportation systems. New start projects and their prospects for implementation are also discussed. For systems in urbanized areas, this study identified the cost of keeping the existing system intact through the year 2020. Keeping the system intact requires meeting routine rehabilitation and replacement needs as they arise as well as addressing a substantial portion of the deferred capital innvestment. The analysis also delineates the condition of the capital plant if current funding programs remain unchanged. With regard to operations, this study estimates what it would cost to maintain existing service levels and assesses what level of service could be provided if funding programs remain unchanged.

• Record URL:
  https://hdl.handle.net/2027/uc1.c104685756?urlappend=%3Bseq=555
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/7938948
• Corporate Authors:

  Eno Transportation Foundation

  P.O. Box 2055, Saugatuck Station
  Westport, CT  United States  06880-0055
• Authors:
  • WHEELER, L M
  • Voccia, J
  • Lenski, W
• Publication Date: 1989-10

Media Info

• Features: Tables;
• Pagination: p. 527-548
• Serial:
  • Transportation Quarterly
  • Volume: 43
  • Issue Number: 4
  • Publisher: Eno Transportation Foundation
  • ISSN: 0278-9434

Subject/Index Terms

• TRT Terms: Capital costs; Data analysis; Finance; Financing; Investments; Level of service; Mathematical analysis; Operating costs; Public transit; Rural areas; Urban areas
• Identifier Terms: Transportation 2020
• Old TRIS Terms: Financial requirements
• Subject Areas: Finance; Highways; Public Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 00488768
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 31 1989 12:00AM