April 6 (Bloomberg) - Metropolitan Transportation Authority of New York, the largest mass-transit U.S. operator, runs one of the more efficient subway systems of the country while the performance of bus behind, a report said.
The MTA subway has lowest cost per passenger's journey, at $1.40, compared to nine other large urban systems in the United States, according to a report today of the Budget Commission of citizens, a group of financial supervision of New York City. Two bus systems of MTA rank in the bottom half in most performance measures, said the report.Cost comparison "with other major transit agencies can show the way to the areas in which the MTA is off line with practices in other places and to suggest priorities for the new efficiency initiatives," said the report.The MTA has a budget of 12.1 billion for the fiscal year 2011. A presentation of November raised transit agency its deficit expected in 2012-14 649 million from $ 233 million earlier estimated because it expects more low-yield investments, financial Director of the Agency said.The recent report operator of New York City transit to those of the cities, particularly in Washington, D.C., San Francisco, Chicago, Boston and Atlanta.-Editors: Stacie Servetah, Walid El-Gabry
To contact the reporter on this story: Esmé e. Deprez in New York to the edeprez@bloomberg.net
To contact the editor responsible for this story: Mark Tannenbaum at mtannen@bloomberg.net
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