Maine is planning a $119.4 million bond sale this week to improve roads, broadband, senior housing and public colleges.
Congress should direct more COVID-19 relief dollars to higher ridership systems, think tank Regional Plan Association said.
While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.
The mass transit authority cannot tap the Municipal Liquidity Facility directly, chief financial officer Robert Foran said.
The state doesn't expect any short-term borrowing to cover the current fiscal year, Gov. Ned Lamont said.
One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.
More federal rescue moves are necessary for the nation’s largest mass transit system, according to the advocacy group Reinvent Albany.
Of $10 billion allocated in the CARES Act, public airports can use $7.4 billion for any lawful purpose, including the payment of debt service.
The bi-state transportation agency's executive director, Rick Cotton, recovered from virus than three weeks after testing positive.
"Like all businesses, we are operating in a period of uncertainty which may last several months," Virgin Trains/Brightline President Patrick Goddard said.