PublicTransportation

New York's MTA Set to Launch Historic $1.3 Billion Mansion Tax Bond Sale

4 days ago

The Metropolitan Transportation Authority (MTA) of New York has announced plans to issue its inaugural $1.3 billion bond sale, funded entirely through a new mansion tax. This unprecedented financial move is geared towards improving the city’s transit infrastructure as well as alleviating the persistent budget shortfalls the MTA has faced over the years.

New York City Transit System Unveils Ambitious $20 Billion Budget for 2024

5 days ago

In a groundbreaking decision, New York City's Metropolitan Transportation Authority (MTA) has officially approved a staggering $20 billion budget for the fiscal year 2024. This monumental financial plan is set to enhance the city's transit system, aiming at improving services and ensuring more reliable transportation for millions of daily commuters. The approval comes at a crucial time, as the MTA navigates the challenges posed by post-pandemic recovery and increasing operational costs.

Singapore to Restore Services on Key Train Line After Prolonged Disruption

3 months ago

Singapore's LTA said services on one of the critical lines that had been disrupted for several hours will resume. News that will be a welcome relief for the thousands of morning commuters as an unexpected halt happened early Monday morning.