More than $64.3B to be invested in North American rail transit in 2013.
As the migration of people from the suburbs back to cities continues, so does the investment in urban forms of transport. A modern streetcar route is currently under construction in Cincinnati, and bus rapid transit, light rail and commuter rail is all being studied for the area. Nationally, more than $64.3 billion is being invested to expand rail transit. More from The Transport Politic (including map):
What is evident is that certain cities are investing far more than others. Among American cities, Denver, Honolulu, Houston, Los Angeles, New York, San Francisco, Seattle, and Washington stand out as regions that are currently investing particularly dramatically. Toronto has the biggest investments under way in Canada. These metropolitan areas have invested billions of local dollars in interconnected transit projects that will aid in the creation of more livable, multi-modal environments. Dynamic, growing cities require continuous investment in their transit systems.
