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Influx of funds keeps Columbia, SC buses rolling

The Central Midlands Regional Transit Authority in Columbia, SC has been given $950,000 of the $3.8 million set aside for transit service in the state’s capital, which will keep buses rolling through the end of September. According to The State, the financially-strapped agency has been operating since July 1 without the annual intergovernmental agreement that has spelled out financial commitments to the CMRTA.

Along with the money comes with conditions: the agency must hire an outside company to conduct an in-depth financial audit of the bus system, which Veolia Transportation has operated since 2002. Also, an interim executive director must be named quickly and a new board of directors in place for restructuring.

For more, visit www.thestate.com.

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Posted by on Jul 20 2011. Filed under Latest News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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