The price of replacing buses is skyrocketing in Alberta, leaving municipalities like St. Albert and Edmonton facing significant financial pressures. The City of St. Albert has approved an additional $1.5 million for ten new buses, while the City of Edmonton estimates it will need to spend $257.6 million to replace 322 buses over the next three years. The rising costs are attributed to a number of factors, including supply chain disruptions, increased demand for zero-emission buses, and the transition to hybrid and electric technologies.
Results for: Transit Funding
The MTA fare-free bus pilot program, which was launched last fall on five New York City bus routes, will not be renewed. The program, which provided free rides on select buses, was not included in the state budget for the coming fiscal year. The decision to end the program comes as lawmakers allocated over $8.7 billion for transit and transportation in the state budget.