SOURCE: Industrial Info Resources

January 18, 2008 07:27 ET

Nation's Mass Transit Industry Underfunded at $40 Billion Annually, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 18, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In 1870 New York City began its subway system operation. Today, 138 years and 500 miles of track later, the New York City subway system is in dire need of billions of dollars worth of general maintenance and repairs on an annual basis just to maintain its daily schedule of operation. Chicago's subway system, dubbed the "L," which started in 1892 and operates 242 miles of track, is in a similar state of emergency.

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