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

  • Friday, May 24 2013 9:15 PM EDT2013-05-25 01:15:35 GMT
    When workers installed one of the much-heralded bike-sharing stations on West 22nd Street near 10th Avenue, they put it right in front of the brownstones.
    When workers installed one of the much-heralded bike-sharing stations on West 22nd Street near 10th Avenue, they put it right in front of the brownstones, impacting the entrances for homeowners and tenants.
  • Friday, May 24 2013 6:09 PM EDT2013-05-24 22:09:59 GMT
    New York State has 17,000 highway bridges. There are some bad ones. The Tappan Zee Bridge, for example, is set to be replaced because of aging infrastructure.
    New York State has 17,000 highway bridges. There are some bad ones. The Tappan Zee Bridge, for example, is set to be replaced because of aging infrastructure.
  • Friday, May 24 2013 5:33 PM EDT2013-05-24 21:33:47 GMT
    New Jersey Transit bus riders will soon have a new way to get across the Hudson River: by boat. The agency is partnering with New York Waterways, which will provide ferry service to customers. The
    New Jersey Transit bus riders will soon have a new way to get across the Hudson River: by boat. The agency is partnering with New York Waterways, which will provide ferry service to customers. The
Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

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