Security and Safety

FRA loans New York $967M for PTC

Posted on May 7, 2015

The Federal Railroad Administration gave final approval to the New York Metropolitan Transportation Authority’s (MTA) application for a $967 million loan to install positive train control (PTC) technology on the Metro-North and Long Island railroad systems.

The loan funding can be used to acquire, improve, or rehabilitation intermodal or rail equipment of facilities, including track, components of track, bridges, yards, buildings and shops; refinance outstanding debt incurred for any of those purposes; and develop or establish new intermodal or railroad facilities.

By law, railroads are expected to implement PTC by Dec. 31, 2015.

The system has been pushed following the fatal crash of a Metro-North train from Poughkeepsie that derailed in the Bronx when the engineer fell asleep at the switch, killing four people.

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

More News

PTC implementation took a leap between 2016-2018

In a statement from the U.S. DOT, implementation jumped from 24% to 30% for passenger rail and 16% to 83% for freight. 

Florida, New Jersey, New York meet rail safety oversight deadline

States must receive FTA certification by April 15, 2019 or new federal transit funds cannot be awarded.

NTSB finds cause of New York transit, motorcoach crash uncertain

A dropped Thermos bottle lodged between the brake and accelerator pedals could not be ruled out as a possible cause for the fatal 2017 collision. 

Metrolink installs defibrillators on all trains

Move comes after California state legislature made AEDs mandatory on commuter rail systems by July 2020.

FTA threatens to withhold funds if WMATA restores late-night services

Local officials are leading an effort to restore service hours the agency cut beginning with its SafeTrack rebuilding effort in 2016.

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