The ERA Bulletin 2014-08

Page 1

The Bulletin

ERA BULLETIN - AUGUST, 2014

Electric Railroaders’ Association, Incorporated Vol. 57, No. 8

August, 2014

The Bulletin Published by the Electric Railroaders’ Association, Incorporated, PO Box 3323, New York, New York 10163-3323.

For general inquiries, contact us at bulletin@ erausa.org. ERA’s website is www.erausa.org. Editorial Staff: Editor-in-Chief: Bernard Linder Tri-State News and Commuter Rail Editor: Ronald Yee North American and World News Editor: Alexander Ivanoff Contributing Editor: Jeffrey Erlitz Production Manager: David Ross

©2014 Electric Railroaders’ Association, Incorporated

In This Issue: A Unique New York Street Car Approach ...Page 2

MTA PROGRESS REPORT MTA is issuing $500 million in Transportation Revenue Bonds, which will finance transit and commuter projects. Its official statement contains the following interesting information: The Metropolitan Transportation Authority (MTA) was created by special New York State legislation in 1965, as a public benefit corporation, which means that it is a corporate entity separate and apart from the state, without the power of taxation, frequently called a “public authority.” MTA is governed by Board members appointed by the Governor, with the advice and consent of the State Senate. MTA has responsibility for developing and implementing a single, integrated mass transportation policy for MTA’s service region, which includes New York City and seven adjacent counties. MTA’s subsidiaries are referred to as Related Entities. The following table lists the legal and popular names of the Related Entities: LEGAL NAME

POPULAR NAME

Metropolitan Transportation Authority

MTA

New York City Transit Authority

MTA New York City Transit

Manhattan and Bronx Surface Transit Operating Authority

MaBSTOA

Staten Island Rapid Transit Operating Authority

MTA Staten Island Railway

MTA Bus Company

MTA Bus

The Long Island Rail Road Company

MTA Long Island Rail Road

Metro-North Commuter Railroad Company

MTA Metro-North Railroad

MTA Capital Construction Company

MTA Capital Construction

Triborough Bridge and Tunnel Authority

MTA Bridges and Tunnels

Following the fare and toll increases of 2009, 2011, and 2013 of 10.0%, 7.5%, and 7.5%, respectively, the 2014-7 financial plan reduces projected fare and toll increases to 4% in 2015 and 4% in 2017. This financial plan also includes $76 million in operational and maintenance needs, $18 million of new or restored service investments, $12 million in increased “platform” service to meet loading and headway guidelines, and $11 million in additional customer enhancements. During the plan period, several of MTA’s Network Expansion Projects are expected to begin operation, including the first phase of the Second Avenue Subway and the 7 West Extension. New York City provides for the policing of the transit system and contributes to support NYC Transit’s paratransit, senior citizen, and schoolchildren programs. The City agrees to pay MTA Bus the difference between the actual cost of operation of the MTA Bus system and all revenues and subsidies received by MTA Bus. This report also lists the proposed improvements to the commuter railroads. The East Side Access Project involves the construction of a 3.5-mile commuter rail connection between the Long Island Rail Road’s Main and Port Washington Lines in Queens to a new terminal to be constructed under Grand Central Terminal. The new connection will increase the railroad’s capacity into Manhattan and shorten travel time for Long Island and (Continued on page 14)

NEXT TRIP: NEW HAVEN SHOP/SHORE LINE 1 MUSEUM, SATURDAY, SEPTEMBER 28


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.