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CED-79-52 1 (1979-04-10)

handle is hein.gao/gaobaayxs0001 and id is 1 raw text is: REPORT BY THE Comptroller General OF THE UNITED STATES Issues Being Faced By The Washington Metropolitan Area Transit Authority The cost estimate for constructing the na- tional capital area's rapid-rail transit system-- Metro--has increased from $2.5 billion in 1969 to $6.8 billion as of December 1978. Metro attributes almost one-half of the in- creased cost to schedule delays and cost escala- tion. Neither of these figures include about $3 bil- lion of estimated financing costs associated with the revenue bonds sold to help finance construction and some other adjustments. The Federal Government's share of both con- struction and these other costs is projected at $7.4 billion and the State/local share at $2.7 billion. This report discusses the following issues facing Metro and the national capital area governments --whether costs should be paid through rider fares or area taxes, --the effect of Federal funding being less than Metro says it needs, --the need for a revenue source dedicated to pay the costs of mass transportation, --the issues surrounding parking at rail stations and subsidized employee park- ing, and -handicapped accessibility. 109040 CED-79-52 tOU$'~APRIL 10, 1979

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