Pacifi Corp. and the Pacific Electric Railroad Inc. will jointly launch a program to develop a sustainable transit system.
The goal is to provide reliable and affordable transportation to the Pacific, the world’s most populous country, and the U.S. West Coast, as well as connecting the Pacific Northwest and Oregon.
The partnership aims to increase public awareness of the need to expand public transit options in order to alleviate congestion on our roads, said John P. Caro, chairman and CEO of PacifiCo.
The program will include public forums and educational events, which are expected to begin in the fall.
The Pacifi Co. will be providing financial support for the initiative, along with a $2 million grant from the National Science Foundation and the Carnegie Foundation.
Carow, who is also Pacifi’s CEO, said the partnership with Pacifi will be a model for the U,S.
“As a global community, we must all work together to ensure that our nations are on a path to sustainable transport,” Caro said in a statement.
“The world can and must move toward a truly sustainable transportation future.
We need to do this together.”
Caro also noted that the Pacific’s infrastructure is already in good shape, which should help make the project a success.
He said the project will provide the Pacific an opportunity to demonstrate to the rest of the world that we’re serious about transportation.
The project will be funded through a combination of a grant from USC’s Transportation Research Fund and funds from the Federal Transit Administration, the State of Oregon, and various public and private entities.
The project is expected to take several years to complete.