Federal Railroad Administration Issues $967.1 Million MTA Loan to Finance Critical Safety Upgrades to the Nation’s Largest Commuter Railroads
WASHINGTON – The Federal Railroad Administration (FRA) today closed on a $967.1 million Railroad Rehabilitation and Improvement Financing (RRIF) loan with New York City’s Metropolitan Transportation Authority (MTA) in order to facilitate the deployment of Positive Train Control (PTC) on both the...