The New York Metropolitan Transportation Authority outlined a “worst-case” 2021 spending plan at its Nov. 18 Board meeting. Proposed are service reductions of 40% across subways and buses, and of 50% across Long Island Rail Road (LIRR) and Metro-North Railroad (MNR), with layoffs of nearly 9,400. Also on continued pause: MTA’s $51.5 billion capital plan. The moves could go forward in absence of $12 billion in federal aid, MTA said.
Metropolitan Transportation Authority
According to a report in THE CITY, the New York MTA is expected to announce that a 60-day hold on capital projects announced in March will remain in place while the transit agency tries to secure another $3.9 billion in emergency federal funding.
According to a report on Bloomberg.com, New York’s Metropolitan Transportation Authority (MTA) will run out of money in August if the U.S. Senate does not approve the economic stimulus measure that would provide about $3.9 billion to the agency, Chairman Patrick Foye said.
The New York Metropolitan Transportation Authority (MTA) issued a letter to the New York State Congressional Delegation immediately requesting $3.9 billion in federal funding as Congress considers its next COVID-19 relief package.
The New York Metropolitan Transportation Authority (MTA) and the City of New York have agreed on “a site-specific value capture strategy” to jump-start development of 341-7 Madison Avenue, the site of the MTA’s former headquarters in East Midtown Manhattan.
The Metropolitan Transportation Authority (MTA) issued a Request for Proposals for a real estate license to build out and operate cellular connections in the L line’s tunnel beneath the East River.
The New York Metropolitan Transportation Authority (MTA) Board recently approved the agency’s $17 billion 2020 budget and four-year financial plan.
The Metropolitan Transportation Authority (MTA) released preliminary findings of the Train Speed and Safety Task Force that demonstrate subway train speeds on certain sections of track can be increased by as much as 50%. The task force initiated the study with engineering firm STV, with the help of Transport Workers Union, that remains ongoing but has already determined four core areas of focus that would lead to faster trains while prioritizing customer and employee safety.