A report from the Maryland Transit Administration says it’s facing a funding shortfall of more than $2 billion over the next decade.
The Baltimore Sun says the first Capital Needs Inventory says the report also identifies $5.7 billion in necessary spending between now and 2028. Of that amount, the MTA needs $1.5 billion now to bring the agency’s assets into good repair. The other $4.2 billion will be required to address aging equipment and infrastructure.
The report was required as part of last year’s Maryland Metro/Transit Funding Act following the emergency shutdown of the Baltimore Metro Subway.
Click here to read the rest of the article written via the Associated Press over at WTOP