Exploring the Perennial Struggle for Sustainable Finance of the New York Metropolitan Transit Authority

Research output: Book/ReportCommissioned report

Abstract

The New York City transit system is one of the largest in the world. Featuring a 24-hour subway, buses, commuter rail and other modes, New York serves about one-third of the overall share of transit travel in the United States. Yet even for the size and ridership the Metropolitan Transportation Authority has been financially troubled for decades. This case reviews the historical and current ways the system was developed and financed and discusses the implications for sustainable finance. Current and future efforts to secure new funding sources beyond the farebox are also discussed, and there are important lessons to be learned for metropolitan areas in both developed and developing countries about the dynamics of the financial and economic challenges that alternative approaches to sustainable urban transport finance will encounter.
Original languageEnglish (US)
PublisherUnited Nations Publications
Number of pages12
StatePublished - 2013

Publication series

NameGlobal Report on Human Settlements 2013

Fingerprint

transit authority
Finance
finance
urban transport
Subways
commuter
Developing countries
metropolitan area
Rails
agglomeration area
funding
developing world
travel
developing country
Economics
economics

Keywords

  • Transport
  • Finance
  • Public transit

ASJC Scopus subject areas

  • Urban Studies
  • Transportation
  • Social Sciences(all)

Cite this

King, D. A. (2013). Exploring the Perennial Struggle for Sustainable Finance of the New York Metropolitan Transit Authority. (Global Report on Human Settlements 2013). United Nations Publications.

Exploring the Perennial Struggle for Sustainable Finance of the New York Metropolitan Transit Authority. / King, David A.

United Nations Publications, 2013. 12 p. (Global Report on Human Settlements 2013).

Research output: Book/ReportCommissioned report

King, DA 2013, Exploring the Perennial Struggle for Sustainable Finance of the New York Metropolitan Transit Authority. Global Report on Human Settlements 2013, United Nations Publications.
King DA. Exploring the Perennial Struggle for Sustainable Finance of the New York Metropolitan Transit Authority. United Nations Publications, 2013. 12 p. (Global Report on Human Settlements 2013).
King, David A. / Exploring the Perennial Struggle for Sustainable Finance of the New York Metropolitan Transit Authority. United Nations Publications, 2013. 12 p. (Global Report on Human Settlements 2013).
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