Mark Hansford in Washington DC
US private finance pioneering state Texas is in danger of losing its power to use the funding mechanism because of politicians’ fears over public backlash.
A Federal Transit Administration (FTA) study has estimated the cost of bringing the US’s rail and bus systems into a state of good repair at $77.7bn (£50bn) – primarily on signalling. A further £9.2bn is needed every year to maintain the systems, it found.
California has turned to private finance to save its $107bn (£69bn), 10 year transport programme from collapse.
Backers of a $500bn (£324bn) high speed rail network across the US have admitted that their funding streams for the programme have dried up after engineers questioned its attractiveness to private investors.
US consultants and contractors have been urged to confront senators and congressmen over delays in finalising a $450bn to $500bn (£290bn to £324bn) six year transport funding package.