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In the beginning of 1955, it was reported that the NYCTA's surface operations cost seven million dollars more to operate annually than it collected in revenue from the fare box. By privatizing the surface operations, and as a result focusing on subways, the NYCTA could then meet its operating costs.
In November 1995, the NYCTA installed a fueling station (leased from Brooklyn Union) at the cost of $1.6 million for several Transportation Manufacturing Corporation (TMC) RTS-06 CNG buses and a fleet of BIA Orion 5.501 CNGs.
On June 15, 1953, the NYCTA was founded with the aim of ensuring a cost-covering and efficient operation in the subways. [80] There was a need to overhaul rolling stock and infrastructure of the once-private routes, especially for the IRT, where nearly all of the infrastructure was aged.
Below are the fares charged for single boardings on the transit lines and predecessors of the New York City Transit Authority (NYCTA). Different combinations of transfer privileges and the abolition of double fares to the Rockaways have altered these fares from time to time.
MTA Regional Bus Operations bus fleet. The MTA Regional Bus Operations bus fleet is a fleet of buses in fixed-route service in New York City under the "MTA New York City Bus" (also known as New York City Transit or NYCT) and "MTA Bus" brands, both of which operate local, limited, express and Select Bus Service routes.
As a result of these slow average speeds, MTA Regional Bus Operations has the highest per-mile operating cost of all city bus systems in the U.S., with a per-mile cost of $30.40. If the operating costs were closer to the U.S. average, MTA buses would have the highest farebox recovery ratio among U.S. cities' bus systems.
In October 2017, Comptroller Stringer released an analysis of the effect of subway delays on the economy and on commuters, finding that "worst-case" subway delays of more than 20 minutes could cost up to $389 million annually in lost productivity.
The Triborough Bridge and Tunnel Authority ( TBTA ), doing business as MTA Bridges and Tunnels, is an affiliate agency of the Metropolitan Transportation Authority that operates seven toll bridges and two tunnels in New York City. The TBTA is the largest bridge and tunnel toll agency in the United States by traffic volume.
In October 2017, city comptroller Scott Stringer released an analysis that subway delays could cost up to $389 million or $243.1 million or $170.2 million per year depending on the length of the delays. In November 2017, The New York Times published its investigation into the crisis.
The NYCTA said that it would cost $55 million more than a direct line and the transfer at Grand Street would have been lost. In addition, less riders would have been diverted from the Lexington Avenue Line under this scheme. Two services were planned to use the loop.