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Several transit systems to receive federal funding for improvementsPosted On Tue, June 28, 2011
More than two dozen public transit systems are in for a makeover, as U.S. Transportation Secretary Ray LaHood recently announced $1.5 billion will be put toward several public transit projects.
"Investing in a modern transportation network is a key part of President [Barack] Obama's strategy to win the future by out-building and out-competing the rest of the world," said LaHood. "America’s long-term economic success requires investing now in transportation infrastructure capable of moving people and goods more safely, efficiently and quickly than ever before."
The federal funding will go to 27 transit projects nationwide, which will be governed by the Federal Transit Administration. Peter Rogoff, FTA administrator, said more efficient public transportation means more people will be able to save gas money by taking advantage of subways and light rail.
Among the transportation systems that will receive funding includes the New Britiain-Hartford Busway in Connecticut, Denver's Eagle Commuter Rail project and the Rapid C Bus Rapid Transit Line in Seattle.
By taking advantage of public transportation, policyholders may be able to pay less on their auto insurance premiums, as insurers often factor in miles traveled when assessing rates.
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