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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

Congestion pricing is working.

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

It is reducing traffic by 11%.

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

What does that mean?

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

70,000 cars are off the road every single day.

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

What else is it doing?

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

It's moving our buses faster.

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

It's moving people faster.

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

We've seen a change in ridership, but also we've seen safety increases.

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

There's a 14% decline in pedestrian crashes.

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

And on top of it all, it is bringing in the revenue that we had projected earlier.

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

The MTA has heard from other cities and transit properties and engaged with them to have conversations about the process that New York implemented for the successful congestion pricing program that we're having.

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

So they're looking at it at us as a model.

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

I think, I think we talked about that at our special board meeting on Monday, you know,

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

The contract that our board just approved is a almost $1.9 billion contract to start boring, right?

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

What does that mean?

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

It's starting the tunneling for the three stations that are vital to Second Avenue subway phase two.

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

And we are committed to expanding Second Avenue phase two here.

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

And we think it's going to be a great service to our customers.

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

It's going to serve about 100,000 customers in addition to the 200,000 customers that Second Avenue Subway Phase 1 serves today.

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

I think the 2032 was the service date that we have set publicly.