Michigan Economic Development Corporation's Michigan Strategic Fund has approved a 10-year loan, with a 2% interest rate, to assist development of Detroit's streetcar plan, currently still dubbed M1 (or M-1).
Several members of California's Orange County Transportation Authority, an entity strikingly reluctant to warm up to rail transit in past decades, continue to balk at supporting a streetcar line proposed to serve Santa Ana and neighboring Garden Grove.
Opening ceremonies for MTA New York City Transit's Fulton Center are scheduled for June 26, 2014, the Metropolitan Transportation Authority noted Monday, March 24.
Dallas Area Rapid Transit (DART) officials have suggested for months that a light rail transit link to Dallas/Fort Worth International Airport, a high priority, might open ahead of schedule. DART now vows to make that happen.
Canton, Ohio-based The Timken Co. said Tuesday, March 24, 2014 it has entered into an agreement with Moscow-based United Wagon Co. (UWC) to "establish a joint venture to manufacture Timken® AP-2™ rail bearings in Russia."