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2/9/2021
The American Public Transportation Association (APTA) yesterday praised the House Committee on Transportation and Infrastructure's Budget Reconciliation Title, which called for providing $30 billion of COVID-19 emergency funding relief for public transit.
The committee is expected to mark up the measure tomorrow, according to an APTA press release.
"The proposed funding is vital to the industry's survival and will help prevent massive labor cuts and drastic service reductions," said APTA President and Chief Executive Officer Paul Skoutelas in a prepared statement. "APTA also strongly supports the $1.5 billion of emergency funding provided for Amtrak."
A recent independent, economic analysis conducted by EBP US Inc. for APTA found that public transit agencies face a projected shortfall of $39.3 billion due to the economic impact of the pandemic.
The reconciliation title calls for distributing the majority of the emergency funds through several formula programs.