New York's coronavirus-hit Metropolitan Transportation Authority (MTA) will have to start implementing a dramatic job and service reduction plan in November if it does not receive billions of dollars in federal aid, the agency's chairman said on Thursday.
- New York’s coronavirus-hit Metropolitan Transportation Authority will have to start implementing a dramatic job and service reduction plan in November if it does not receive billions of dollars in federal aid, the agency’s chairman said on Thursday.
“If we are not able to make those investments, there will be a deterioration in service, as occurred in New York City in the ‘70s and ‘80s, and we don’t want to go back there,” Foye said. The agency, which runs New York City buses and subways and two commuter railroads that connect the city with suburbs, is losing $200 million in revenue a week and estimates it needs another $3.9 billion in federal aid to get through the end of this year and a total of $10.3 billion through 2021.
“If reason prevails and the national interest is pursued by the Senate, the Republican leadership in the Senate and Washington, the MTA will be financed,” Foye said.
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