Metropolitan Transportation Authority News

Platform Barriers Eyed Amid Spate of New York City Subway Deaths

A member of the board that oversees New York City’s transit agency has asked it to give more thought to adding safety barriers on subway platforms. Forty-four people have been killed by trains in the city this year, either by …

New York Subway Escape Alcoves Probed After Accident Killing Worker

A subway train struck two workers in a tunnel early Thursday, killing one and injuring the other, and investigators are looking at whether there’s enough room in the escape alcoves along the tracks. A federal official briefed on the investigation …

N.Y. to Get Nearly $1B Federal Loan to Make Commuter Rail Safer

The Metropolitan Transportation Authority, the nation’s largest commuter rail network, is on track to receive a nearly $1 billion federal loan for safety improvements meant to avoid a repeat of a 2013 derailment that killed four people, New York Gov. …

New York Gov. Cuomo: MTA Needs Plan to Reinvent Transit System

The Metropolitan Transportation Authority should come up with a plan to get the system ready “for the challenges of the next century,” New York Gov. Andrew Cuomo said Wednesday in a letter to the head of the agency. “We have …

New York’s MTA Obtains $200M of Protection With Catastrophe Bonds

The Metropolitan Transportation Authority, which suffered $4.8 billion in damage from Superstorm Sandy last year, obtained $200 million of protection with bonds designed to guard against wreckage linked to storm surges.New York City’s subway operator is paying less than the …

MTA Plans Catastrophe Bond Sale Linked to Storm Damage, S&P Says

The Metropolitan Transportation Authority plans to use bonds designed to help New York City’s subway operator guard against storm surge damage after suffering $4.8 billion in wreckage from Hurricane Sandy.The largest U.S. transit agency will buy protection from MetroCat Re …