Widespread public fear of traveling and especially using public transportation paired with the shelter-in-place mandate in most metropolitan cities are two key detriments for transportation agencies around the United States.
In the first stimulus round of funding, the federal government allocated around $25 billion for transit agencies in the United States, which kept them afloat for the time being. However, with a prolonged shutdown and no clear solution in sight, many agencies are contemplating different ways to cut costs, including service cuts. Furthermore, transportation agencies are also requesting additional federal help to sustain their operations until their ridership levels start rising to normal levels.
In this article, we will take a closer look at the impact of COVID-19 on various transportation agencies and what to expect in the near future.
municipalbonds.com
by Jayden Sangha
Jul 22, 2020