The D.T.C.’s proposed capital program for 2018-2019 is expected to cost $20 billion.
The budget, which was unveiled Wednesday, includes a variety of initiatives that will make it easier for the DST to meet its capital spending goals.
One of those initiatives, a $15 billion capital improvement fund, will be used to improve and modernize existing systems.
Capital Improvement Funds, which are essentially savings accounts that DST officials have used for capital improvement projects, will provide funds to DSTs to invest in infrastructure projects.
Capital Improvements Funds are used in a variety that includes capital improvements, infrastructure repairs, and upgrades.
DST has spent millions on capital improvements in recent years.
Capital improvements are generally funded with tax-funded funds and are typically used to fund infrastructure projects that have been identified as the primary needs of the region.
While DST will likely receive a substantial portion of the capital improvements funds, the funds will be put towards infrastructure that is in short supply.
DTS officials will also be using funds to improve the existing infrastructure.
Capital expenditures are typically a big part of any capital improvement program.
D.CTs capital spending plans, for example, call for $2.5 billion to $5.5 million in capital improvements over the next five years.
DCT has already begun the process of building a network of bus rapid transit stations in the area, but a new round of investments would help alleviate some of the congestion that is currently a constant issue for residents.
One proposal to help ease the congestion is a $25 million bond issue to help pay for the construction of new parking spaces, which would make the project even more cost-effective.
The DST is also looking to fund an additional $500 million in projects across the city.
While there are a lot of different projects being considered, the capital program is expected make it a lot easier for DST and other DST agencies to get funding for capital projects.
There’s a lot going on behind the scenes as well.
As part of the $20B capital program, DST was expected to also create an office of economic development, which is supposed to coordinate the department’s capital spending and support its workforce.
The department is also expected to create an Economic Development and Technology Fund that would help DST implement new technology that is critical to the city’s operations.