NEW YORK, Oct. 29 (Xinhua) -- The Metropolitan Transportation Authority (MTA), a public benefit corporation responsible for public transportation in the U.S. state of New York, could slash services and scrap much-needed infrastructure improvements due to the impact of the eight-month-long COVID-19 pandemic, resulting in the loss of 450,000 regional jobs and 50 billion U.S. dollars of earnings by 2022, reported The New York Times (NYT) on Thursday.
Such a doomsday prediction was drawn from a report issued by the Rudin Center for Transportation at New York University (NYU) and Appleseed, an economic analysis firm, as the public transportation system is facing a large budget hole after the system emptied of riders, starving the agency of fares, said the paper.
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