(Bloomberg) -- New York’s Metropolitan Transportation Authority, the largest mass-transit system in the nation, will ask for an additional $3.9 billion of federal aid as the agency estimates the financial impact of the coronavirus may reach $8.5 billion.
The MTA’s revenue is in a free-fall as people stay at home and avoid using the system. After a nearly $4 billion federal allocation to help combat the virus, the agency needs additional funds to help keep the system running and support the region’s economy, Pat Foye, the MTA’s chairman and chief executive officer, said during a press briefing on Thursday.
“The nation needs a strong New York to lead the recovery in this pandemic,” Foye told reporters.
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