MTA storm-related damage in the billions of dollars

Superstorm Sandy

MTA storm-related damage in the billions of dollars

Posted: Updated:
MYFOXNY.COM -

Superstorm Sandy caused billions of dollars' worth of damage to New York's transit systems. The recently renovated South Ferry subway station remains closed. Repairing the flood damage will cost about $600 million.

But the MTA has restored much of the mass transit system used by 5 million commuters.

The eventual cost of Sandy to the MTA will be about $5 billion. The MTA will pay that mainly with FEMA money (about 75 percent), insurance, borrowing money, and cost cutting, the March scheduled fare increases, and 0 percent labor wage increase.

  • Traffic

  • Monday, May 20 2013 6:30 AM EDT2013-05-20 10:30:54 GMT
    Motorists across New Jersey are urged to use caution because of fog.
    Motorists across New Jersey are urged to use caution because of fog.
  • Monday, May 20 2013 6:03 AM EDT2013-05-20 10:03:42 GMT
    Metro-North is urging commuters in Connecticut to make alternate plans starting on Monday. Train service on much of the New Haven line remains suspended after Friday's train derailment
    Metro-North is urging commuters in Connecticut to make alternate plans starting on Monday. Train service on much of the New Haven line remains suspended after Friday's train derailment
  • Monday, May 20 2013 5:58 AM EDT2013-05-20 09:58:10 GMT
    The Connecticut Department of Transportation and Metro-North Railroad released the following information regarding service on the New Haven commuter rail line
    The Connecticut Department of Transportation and Metro-North Railroad released the following information regarding service on the New Haven commuter rail line
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices