Former N.Y. MTA chief speaks out

Jay H. Walder announced his departure for Hong Kong days after the authority unveiled a capital plan dependent on millions of dollars in still-to-be-approved federal grants. The capital budget is still underfunded by $10 billion.

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January 5, 2012

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NEW YORK — Former New York Metropolitan Transportation Authority Chairman Jay H. Walder spoke for the first time after his abrupt departure, giving the agency a prognosis that was "grim and overly optimistic in equal parts," to the New York Times.

Walder announced his departure for Hong Kong days after the authority unveiled a capital plan dependent on millions of dollars in still-to-be-approved federal grants. The capital budget is still underfunded by $10 billion. For the full story, click here.

Topics:funding N.Y. MTA Rail Bus

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