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Metro Transit launches historic 11 billion dollar capital expansion plan

October 10, 2024 | Metropolitan Council, Agencies, Boards, & Commissions, Executive, Minnesota


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Metro Transit launches historic 11 billion dollar capital expansion plan
In a recent government meeting, officials outlined an ambitious capital improvement plan totaling $11 billion for the next six years, focusing on significant upgrades to the region's transportation infrastructure. The plan emphasizes the expansion of transitways, with approximately $7.5 billion allocated primarily for the Blue and Green Line projects, which are set to enhance connectivity across the Twin Cities metropolitan area.

Metro Transit Director of Finance, Ed Petrie, highlighted that this capital program represents the largest proposed expansion of the transit system in Minnesota's history. The funding sources include $4 billion in federal funds, $2.7 billion from state resources, and $3.5 billion in local funds, showcasing a robust financial backing for the initiatives.

Key projects include the completion of the Metro Rehabilitation and Facilities Improvements, expected to finish by 2027, and the Empire Solids program, which will conclude in 2026 with the installation of a combined heat and power generator. Additionally, the plan includes future facility rehabilitation improvements and various system enhancements across the region.

The meeting also addressed the importance of maintaining existing infrastructure, with a focus on asset preservation and safety. Officials emphasized the need for a balanced capital plan that ensures revenues match expenses over the six-year period. This includes a commitment to maintaining a state of good repair for all transit assets, which is crucial for securing favorable credit ratings.

Metro Mobility, the region's specialized transportation service, is also set for expansion, with a projected fleet growth of nearly 933 vehicles by 2030. The program will receive approximately $27 million in state funding for the upcoming fiscal year, further underscoring the commitment to improving accessibility for all residents.

Overall, the meeting underscored a comprehensive approach to enhancing the region's transportation network, with a strong emphasis on sustainability, safety, and long-term planning. As these projects move forward, officials remain focused on adapting to changing travel behaviors and ensuring that the infrastructure meets the needs of the community.

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