New York’s Subway, Bus Overhaul Will Take 15 Years, Cost $43 Billion

I want to be part of this great project! Will contact MTA!!!

Penney Vanderbilt and KC Jones: All About Railroads

WALL STREET JOURNAL

Within 10 years, the subway system will feature a state-of-the-art signal system, become more accessible, have a new fare payment system and boast thousands of new subway cars and buses. These ambitious improvements are all part of a plan released Wednesday by New York City Transit Chief Andy Byford and the MTA, called “Fast Forward: The Plan to Modernize New York City Transit.” And the plan does intend to move very quickly. Byford expects work previously estimated to take nearly 50 years to be completed within the next decade. The top-to-bottom modernization of the system will no doubt inconvenience commuters, with possible changes to bus stop locations, as well as station closures and service disruptions. “Fast Forward” breaks down into two five-year plans, with the first half estimated to cost $19 billion and the next five years to cost $18 billion according to the New York Times. However, a cost estimate of the plan…

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GE chief warns against quick-fix expectations

Penney Vanderbilt and KC Jones: All About Railroads

FORTUNE and FINANCIAL TIMES

Investors react badly to message about a ‘journey’ towards decentralised group of businesses
Delivering the closing speech at the Electrical Products Group conference in Florida — one of the big events of the year for US manufacturers — John Flannery spelt out his philosophy for turning round General Electric. Since taking over as chief executive last August, as the company faced a host of problems including downturns in key markets and lingering liabilities from its financial services operations, he had taken a “deliberate and methodical” approach to change, he told the attendees. “Being deliberate and then moving when things make sense, as opposed to moving just because somebody wants to, is just my style,” he said. That would not endear him to everyone, he acknowledged, but he was confident he was doing the right thing. Investors wanting “super-short-term decisions” were “maybe not my target audience”. The…

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