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The $400 Billion Fund That US Firms Could Tap for Public Transport
The Loan Programs Office typically funds new energy technologies and electric-vehicle manufacturing, but it could also be funding mass transit projects.
Commuters at the Times Square subway station in New York, US, on Friday, May 19, 2023.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
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The use of public transit in the US severely lags the footfalls seen in Europe and even its neighbor Canada. And that’s in good measure due to decades of underinvestment and insufficient policy support. Even when the US passed the largest climate bill last year, advocates were dismayed that it included little support for transit options like buses or metros.