"MBTA officials are planning to put off the release of a new, five-year capital plan until June 2022, a move that reflects the financial uncertainty caused by the coronavirus and also the political calculus of a governor running out of funding options for the T’s ambitious capital spending program.
It may sound like a minor issue, but good government types recommend setting out capital spending targets in five-year increments. The Government Finance Officers Association says a multi-year plan is the best way to ensure proper development and management of capital assets and send a message to contractors that the money for projects is in the pipeline. “A capital plan should cover a period of at least three years, preferably five or more,” the association says."
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| tree clearing along the Franklin Line to prepare for the PTC improvements |
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