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The transit leasing agreements, known as SILO and LILO transactions, were promoted by the FTA from the late 1980s through 2003, as an innovative, legal way for public transit systems to gain additional revenue.
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Project includes final design and construction of 11.5 miles of track, six stations, dozens of crossings, utilities and systems.
Read More →In 2011, the two entities partnered to create the first transit-agency branded, all contactless Visa prepaid card in the world. This was among one of the first times that consumers had been able to use the same transit payment card for both transit and retail purchases.
Read More →Launched in 2012, the contactless bankcard system was extended in 2014 to cover London’s entire transit network — including Tube, rail, bus and tram services.
Read More →Mike Boggess will be responsible for driving the company’s technology roadmap and program launch efforts and will lead cost and reliability improvement projects in these areas.
Read More →Provisions of the contract include rail ticketing equipment, transit ticket vending machines as well as handheld units for code compliance enforcement.
Read More →The 98-foot-long bus has four guided axles, three of which can be controlled by means of a secure electro-hydraulic actuator system.
Read More →The base fare for subways and buses went up by 25 cents to $2.75. The price of a 30-day MetroCard jumped by $4.50 to $116.50. The cost of riding the Long Island Rail Road and the Metro-North Railroad both went up about 4%.
Read More →Chairman Christopher Hart said at a press conference that U.S. mass transit has "gone for decades without any systematic oversight."
Read More →Behind the seamless trips were months of planning, multimodal partnerships, and lessons agencies and operators can carry into the next mega-event.
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