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Jai Patel

๐Ÿ‘ค Speaker
137 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

For the MTA, excuse me.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

And that's important to us.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

And so we want to make sure revenues equal service.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

And that is something that's a hypothetical right now.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

But we we rely on Fairbox revenue.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

I think there's pieces that he's he's looking at just the New York City transit bus fare.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

We have MTA bus that we also run that the city contributes to.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

And that is also fare box revenue for buses.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

We are looking at it.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

But one thing that I would like to emphasize right right now in New York City is.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

fares are affordable.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

We make transit and buses the most affordable at $2.90, and it's affordable with fare fares

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

reduce fare for our customers.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

But, you know, it is something that we will look into as the mayoral candidate has proposed.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

A couple of points on that, right?

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

A couple of the issues that arise in the subway systems are not the MTA's fault.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

New York City, right, contributes to the flooding issues that we face in the subways, whether it's through DEP, manholes, the sewage.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

So that is one aspect of the flooding that you see on the New York City transit.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

But our historic capital plan, that $68.4 billion, does have climate resiliency issues.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

of hardening the system in certain stations in proposed and therefore.