NEW YORK (CBSNewYork) — For the second year in a row, the Metropolitan Transportation Authority will be investing millions of dollars to improve subway, bus and commuter rail service, Gov. Andrew Cuomo announced Monday.
Most of the improvements, which are the result of additional state funds, increased revenue from toll and fare hikes and cost-cutting, will be phased in over the next year.
“But that wouldn’t be possible without the aggressive cost-cutting that we have continually done since 2009,” MTA Chairman and CEO Tom Prendergast said.
“In the last two and a half years, our administration has made real improvements to the nation’s largest public transit system, implementing reforms that have improved services and made the MTA more efficient by reducing costs, cutting waste and putting the needs of straphangers and commuters first,” Cuomo said in a statement.
The new service initiatives are included in the MTA’s mid-year revision of its four-year financial plan, Cuomo said.