12 Hrs
Source:
The Boston Globe
T Expected to Pay Premium for New Rail Operator
The article discusses the rising costs associated with operating the Boston MBTA commuter rail system, currently managed by Keolis under a contract that has exceeded initial estimates. Since 2014, payments to Keolis have totaled over $5.2 billion, with projected future expenses potentially surpassing $10 billion due to inflation, increasing wages, and infrastructure upgrades. Final bids for a new nine-year contract are due, with experts warning that costs are likely to grow significantly regardless of the winning bidder. The contract's complexity is compounded by long-term modernization plans, union agreements, and fluctuating fuel prices, all impacting the system's fiscal outlook.
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