Thursday, November 13, 2008

European Tram Makers to Gain From U.S. Streetcar Push

Quick overview of the current US streetcar market, of note:
"Though the Federal Transit Administration manages a $1.6 billion program for light rail, little of it, subject to complex distribution conditions, has been distributed to streetcar construction under the Bush administration. Financing has come mainly from local communities."
With many local funding sources already identified, lessening the current restrictions on Federal funding (what little of it will be left after the Autumn of Bailout) could lead to a mini-boom for some transit agencies around the country.

European Tram Makers to Gain From U.S. Streetcar Push - NYTimes.com

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