Production of next-generation Acela Express fleet underway
Stadler unveils TEX Rail Flirt DMU
Siemens invests in remote monitoring specialist Wi-Tronix
DB consortium selected for California high speed rail
Judge puts the skids on state’s proposed rail trail
Amtrak's CEO shares his vision for rail's future
Flight Rail: a new type of train?
America’s short lines play the long game
New York rail operator bolsters security after London bombing
The proposed budget includes no budget-driven service cuts and advances the agency’s Transformation Plan to dramatically improve service and deliver significant reforms for taxpayers and commuters.
The implementation of the Transformation Plan “is changing the way the MTA does business by focusing on core service delivery and is projected to deliver $1.6 billion in savings over the course of the financial plan.”
The MTA budget covers all aspects of operating North America’s largest transportation network, including:
“Budgets are not just about the fiscal realities we face, but are also a statement of priorities for the coming year,” said MTA Chairman and CEO Patrick J. Foye. “We recognize the tough fiscal times ahead and this plan addresses them with no budget-driven service cuts, $1.6 billion in savings from the implementation of the transformation plan and continues our aggressive cost-savings measures to focus on core service delivery. Importantly, we don’t shy away from the hard choices in tackling our challenges. The budget builds on the progress we have made in the past year with significant gains in on-time performance, increases in ridership and reductions in major delays across subways, Metro-North and Long Island Rail Road and demonstrates we are headed in the right direction. We have advanced a bold, transformative $54.8 billion Capital Plan, which will further improve service for our 8 million daily customers, modernize our system and finally deliver a 21st century transportation system worthy of New York. The budget approved today by the MTA Board advances our commitment to deliver for New Yorkers.”
“The MTA Board’s approval advances a balanced budget that will provide the essential funding to deliver improved service and reliability for our customers,” said Bob Foran, MTA Chief Financial Officer. “This budget responds to the fiscal challenges we face while avoiding budget-driven service cuts or fare hikes not already scheduled. At the same time, we recognize significant challenges remain and the MTA will continue to find more efficiencies and aggressively cut costs. We are in the midst of an historic transformation that will change the way we do business and yield significant reforms for taxpayers and customers.”
“We are fundamentally reimagining the way the MTA does business by transforming how it’s organized, how it scales up functions that can be centralized in one place, and how it modernizes its processes to maximize results in service for customers while reducing costs,” said MTA Chief Transformation Officer Anthony McCord. “We are efficiently refocusing on the MTA’s core mission: safety, service delivery for riders and routine maintenance. We are rapidly and aggressively moving forward with the steps necessary to implement that transformation.”
The post NYMTA Sets $17B Budget appeared first on Railway Age.
This article first appeared on www.railwayage.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.