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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.
As of 2018, the New York City Subway's budgetary burden for expenditures was $8.7 billion, supported by collection of fares, bridge tolls, and earmarked regional taxes and fees, as well as direct funding from state and local governments.
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.
The project, to start in 1950, would cost US$3,850,000 (equivalent to $48,800,000 in 2023). The platforms were only able to fit nine 51-foot-long IRT cars, or seven 60-foot-long BMT cars beforehand. On March 12, 1953, two 9-car super express trains began operating from Flushing–Main Street to Times Square in the morning rush hour.
There are four track geometry cars on the New York City Subway that measure the system's track geometry to ensure that safe train operation is maintained. The cars are numbered TGC1–TGC4. TGC1 was ordered under contract R59 in 1984 for $1.4 million, TGC2 was ordered under contract R63 and cost $2.5 million,.
The E and F began running eleven-car trains during rush hours on September 8, 1953. The extra train car increased the total carrying capacity by 4,000 passengers. The lengthening project cost $400,000. The operation of eleven-car trains ended in 1958 because of operational difficulties.
The total construction cost was $10.072 million (equivalent to $225 million in 2023) for 0.9 miles (1.4 km) of new tunnels, or $2,068 per foot ($6,780/m), which was three times the normal cost of construction at the time.
In the preliminary 2011 budget, MTA forecasted operating revenue totaled at $6.5 billion, amount to only 50% of the $13 billion operating expenses. Therefore, the MTA must rely on other sources of funding to remain operational.
The original purchase order was for 740 cars, but because of the intense competition between the firms, the MTA was able to purchase 340 additional cars at the same price. The entire cost of the purchase was $1.45 billion. The new subway cars were based on the results of the tests from the R110A and R110B test trains. The historic deal came ...