By Dave Songer, SMART RAIL WORLD; May 22, 2018
Our failure as a nation to address America’s public transit modernisation needs has wide-ranging negative effects because lost time in travel makes a region’s economy less productive.”
The huge role that rail transport plays in the economy have been laid bare in the US after it was revealed that the country lost out on more than £250bn ($340bn) of business revenue as a result of years of underinvestment. The huge losses, which were published this month by the American Public Transportation Association (APTA), focus primarily on the failure to address a £67bn ($90bn) accumulation of overdue modernisation in transport – known as the State of Good Repair – that led to lost jobs and wages.
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