The Buck No Longer Stops At Cost-Effectiveness

Transportation Secretary Ray LaHood said yesterday that he would rescind a 2005 rule from the Bush administration that cost-effectiveness trump all other factors when approving transit projects.
January 14, 2010, 11am PST | Tim Halbur
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From Streetsblog: "Cost remains a factor in the "New Starts" process, but is no longer given more weight than factors such as congestion relief.

House transportation committee chairman Jim Oberstar (D-MN) and Rep. Pete DeFazio (D-OR), his top lieutenant, quickly issued a statement hailing the reversal of the Bush-era mandate, which is blamed for slowing down transit expansions in several major cities."

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Published on Wednesday, January 13, 2010 in Streetsblog
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