Monday, February 23, 2015

MWCOG Releases 2015 State of the Region Infrastructure Report that Identifies a Transportation Funding Gap of $24.5 Billion



The Metropolitan Washington Council of Governments (MWCOG) has released its 2015 State of the Region Infrastructure Report that details funding gaps for transportation and other regional needs.

According to the report, funding is available for about $79 billion in system preservation projects and operations. However, the region will need $7.5 billion over the next 15 years for road resurfacing and rehabilitation, $1 billion over the next 10 years to rehabilitate and reconstruct bridges, $1 billion annually for WMATA to maintain and replace assets on a regular life cycle basis, and $6 billion through 2025 for the Metro 2025 initiative.  Read more.