NY MTA chief says he will accept further federal monitoring in exchange for $ 12B in aid

Metropolitan Transportation Authority (MTA) President Pat Foe said the New York Transit Agency would accept federal monitoring in exchange for a $ 12 billion bailout to boost its recovery from the coronovirus epidemic.

Foe told radio talk show host John Catsimetidis on “The Cats Roundtable” on Sunday that the agency would “absolutely” be willing to work with the Federal Transit Administration (FTA) of the Department of Transportation, because it received funding from the CARS Act Was. March.

“We are neither searching, nor do we expect, a blank check. We find that we have to show that we have these increased costs, and the epidemic has resulted in a substantial reduction in revenue. And we are absolutely ready to do this with the FTA when the MTA relief bill is passed. “Foe said on WABC 770 A.M.

The MTA received nearly $ 4 billion in the March Carriage Act, and in July its leaders requested $ 3.9 billion in the next coronavirus virus package. The House-pass relief bill included $ 15.7 billion in total for public transportation, but Senate GOP leaders have said they will not take that measure.

“The MTS Act received an MTA of $ 3.9 billion, we ended it on July 24. We were the first public transit agency in the country to phase out our funding. Every dollar we received, we had to report to US Dot that We expect X dollar revenue in April and X dollar revenue in May, that we had additional expenses for example to disinfect metro stations and metro cars, and we had to report that the Federal Transit Administration which was in Washington in the US Dot is part of “we were able to make that case,” Foe said.

The MTA spokesman, Abbie Collins, later said that Foe was “providing documentation only by stating that the MTA did for CARS Act funding has always been up to par for the course and we would expect more than that or anything less Will not done.”

Talks between speakers Nancy PelosiThe words of Nancy Pelosipelosi, Biden’s Slam Scalies for Doctored Video, Changed Activist, were set to collide with coronovirus assistance to shutdown politics. (D-California.) And key White House staff Mark meadowsMark Randall Meadowshotdown Politics is scheduled to collide with coronovirus assistance. Meadow blames Pelosi for his ‘fantasy objection’ to fantasy. The next coronovirus relief packs have taken off in recent weeks.

Pelosi and Meadows had their first conversation on coronovirus relief on Thursday in about three weeks. Meadows later described it as “25 minutes of nothing”, while Pelosi said Meadows had “disregard” toward the suffering Americans.

Foe insisted on Sunday that the MTA needed more funding to make it through 2021.

“Our customers pay us about 50 percent of our revenue. Fiday said the MTA’s decline in operating conditions has resulted in significant losses. “Right now we need $ 12 billion from the federal government to get through the remainder of 2020 and 2021”

However, he said that the leadership of the GOP in the Senate has been “indifferent to the needs of the MTA.”

Foye said 10 percent of total US GDP comes from the New York City area.

“It benefits the whole country,” he said.

FTA oversaw safety aspects of the Metrorail system of Washington, DC, from 2015 to 2019 before monitoring the state’s schedule.

The MTA is North America’s largest transportation network and experienced a historic decline in March when ridership was down 90 percent. Foe said at the time that the MTA loses $ 800,000 per year between a lack of revenue and increased spending on sanitary measures.

John Catsimatidis is an investor in Hill.

– This report was updated at 5:36 pm