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Metro considers new capital plan

Capital funding agreement
Maryland reverses decision on capital funding

Metro's Board of Directors began consideration of a new six-year, $5 billion capital program on Thursday aimed at upgrading the transit system, including procuring new rail cars.

Chief Financial Officer Carol Kissal outlined the advantages of a new "flexible" capital program that would be reviewed annually by the local jurusdictions that fund Metro.

The plan is then scheduled to go to the jurisdictions for approval before the new capital agreement is executed by the general manager on June 30, according to a briefing by Kissal.

-- Ann Scott Tyson

By Michael Bolden  |  May 13, 2010; 12:05 PM ET
Categories:  Metro  
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We need additional tracks. Extra rail cars only means more breaking down and slowing our commute.

3rd and 4th tracks NOW.

Posted by: anarcho-liberal-tarian | May 13, 2010 12:59 PM | Report abuse

anarcho-liberal-tarian, it's not extra rail cars, it's buying new cars to replace the death trap old ones as NTSB has recommended.

Posted by: UMDTerpsGirl | May 13, 2010 1:27 PM | Report abuse

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