New York's Transit Agency Approves $9 Congestion Toll [Yahoo! Finance Canada]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The board of the MTA, which runs the city's transit system and is implementing the new toll, voted 12 to 1 Monday to begin the program, which officials anticipate will provide $15 billion to modernize a more than 100-year-old system. “Transit has to be preserved and expanded and improved or New York ain't gonna be New York,” Janno Lieber, the MTA's chief executive officer, said during the board meeting. “New York couldn't exist without it.” The program will charge E-ZPass motorists entering south of Manhattan's 60th Street $9 during peak hours, which is from 5 a.m. to 9 p.m. on weekdays, with E-ZPass trucks paying $14.40 during those hours. Vehicles without an E-ZPass would pay more. Drivers already paying tolls on the Lincoln, Holland, Queens-Midtown or Brooklyn-Battery tunnels will receive discounts during peak times to help lower the new fee. Fares will also be significantly cheaper when driving overnight with E-ZPass passenger cars paying $2.25 an
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LYFT
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