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MTA promises riders won't get stuck with Sandy bill

A train arrives to the Astor Place station early Friday, Dec. 16, 2005 in New York. (AP Photo/ Dima Gavrysh)
November 29, 2012 4:42:01 AM PST
The MTA says Hurricane Sandy caused more than $5 billion in damage, but straphangers won't get stuck with the bill.

The agency says the money will come from FEMA and insurance payouts.

But regardless of what gets reimbursed, the MTA says it will have to start borrowing now to rebuild.

That is because it could take years for the federal and insurance money to come in.

MTA chief Joe Lhota also promised service improvements scheduled for next year will move forward, and that there will be no additional fare or toll hikes through 2015.

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ONLINE: mta.info

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