Research Article
Nov 1970
Financing Metro
Publication: Transportation Engineering Journal of ASCE
Volume 96, Issue 4
Abstract
Metro will cost $2.5 billion to construct and equip. This includes escalation and contingency factors. The riders of the system will finance $835,000,000 of this through revenue bonds, and local governments will contribute another $573,000,000 in grants. Thus are residents will contribute about 55% of the total project cost. The remaining 45%, or $1.1 billion will be Federal grants staggered over a 10-yr. period. The results of a benefit-cost study indicate that: (1) The National Capital Region is ideally suited for rapid rail transit (2) Benefits will result not only to the person who uses the transit exclusively, but also to motorists using the transit system, to motorists not using transit, and to the business community (3) Introduction of Metro into the National Capital region will have broad, positive implications for the social environment and overall well-being of the region. (4) Implementation of the Adopted Regional Rapid Rail Transit System is a sound and profitable investment for the Federal government and for the local governments of the Washington region.
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Published In
Transportation Engineering Journal of ASCE
Volume 96 • Issue 4 • November 1970
Pages: 571 - 583
Copyright
© 1970 American Society of Civil Engineers.
History
Published in print: Nov 1970
Published online: Feb 5, 2021
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Authors
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William I. Herman
Director, Office of Planning, Washington Metropolitan Area Transit Authority, Washington, D. C.
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.