The Maryland Transit Administration (MTA) is projecting an over $2 billion funding shortfall over the next decade, according to the agency's first Capital Needs Inventory.
The report, authored by the agency's Office of Planning and Programing, says that between 2019 and 2028, the MTA's total capital needs are expected to reach more than $5.7 billion. Out of that amount, approximately $3.7 billion in total funding is forecasted, leaving an estimated funding gap of just over $2 billion for remaining state-of-good-repair and enhancement needs over the 10-year period.
According to the report, an estimated $4.6 billion in state-of-good-repair needs have been identified for the next decade, including $1.5 billion in deferred capital maintenance.
The largest category of the agency's total needs is vehicles (30%), followed by stations (25%), systems (19%), guideway (14%), and facilities investment needs (12%). Overall, state-of-good-repair needs for the MTA's current asset inventory make up 81% of total needs, while 19% include enhancement needs to meet system performance goals in addition to future and current service demand.
Among the MTA's transit modes, the Baltimore Metro SubwayLink makes up 27% of total state-of-good-repair needs, followed by MARC Train (23%), local bus (19%), and Light RailLink (12%).
SOURCE: Maryland Transit Administration
IMAGE: @mtamaryland on Twitter