New York MTA Chief Wants Federal Aid to Make Bond Payments
- Largest U.S. mass-transit provider owes $45.3 billion
- Foye says in radio interview he expects payments will be made
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New York’s Metropolitan Transportation Authority needs more help from the federal and state governments to ensure it can keep paying bondholders as ridership plummets because of the coronavirus, agency head Pat Foye said Tuesday.
“We expect to make every principal and interest payment -- we’re not asking for forgiveness from our creditors,” he said during an appearance on The Brian Lehrer Show on WNYC.