Bus

N.Y. MTA to borrow $6.9B, hike fares

Posted on August 2, 2011

NEW YORK — As part of its preliminary 2012 budget, the New York Metropolitan Transportation Authority plans to borrow an additional $6.9 billion to make sure it can finish two large tunnel projects, despite debt concerns, and increase fares by 7.5 percent in 2013 and again in 2015, the AP reported.

The agency also plans to rein in retiree benefits and pressure unions for another year of wage freezes. A final version of the budget will be approved in December. The proposed fare increases will require public hearings and a separate vote. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

Via, Keolis Downer launch Aus. on-demand service

The Newcastle service will initially span the neighborhoods of Warners Bay, Gateshead, Charlestown, and Dudley.

N.Y. MTA launches all-electric bus pilot program

MTA will test 10 new buses by Proterra and New Flyer with the hope of ordering an additional 60 all-electric buses.

MCI unveils redesigned buses at UMA

Check out MCI's latest advancements at UMA, Booth 479. 

All New Flyer facilities now capable of building battery-electric buses

The Anniston, Ala., facility now joins all other New Flyer locations with capability to manufacture the Xcelsior CHARGE™ battery-electric bus, including Winnipeg, Manitoba, and Crookston and St. Cloud, Minn.

CCW hosts facility tour for Calif. Transit Association attendees

Attendees were escorted by CCW key personnel in a 50-passenger tram through several production areas, which included welding, fabrication, engine repowering, and other work areas that spotlighted full bus rehabilitation, accident repairs, electrification processes, and aftersales service.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close