The Ministry of the Interior will be investing billions in the development of a public transportation system for the greater Reykjavík area.
Minister of the Interior Ögmundur Jónasson announced the idea at a public meeting on mass transportation hosted by the ministry. The highlights of the plan include:
The state will dedicate itself to the development of mass transit in the capital area over a 10-year period. For the purposes of funding, major reconstruction and repairs of roads will be delayed.
Funding will go to participating municipalities or to the bus company Strætó. Municipalities are expected to delay their own major road repairs as well.
Reynir Jónsson, the director of Strætó, also said that the company intends to expand the functions of their website, improve their buses, and make additional improvements to existing service.
The entirety of the announcement can be read on the ministry’s website (in Icelandic).