JOURNAL ARTICLE

NY's MTA Seeks Financial Adviser for Brooklyn-to-Queens Rail.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kaske, Michelle 3 of 3

Abstract

The article focuses on New York City's Metropolitan Transportation Authority (MTA) seeking a financial adviser for the $5.5 billion Interborough Express Project, a light-rail development connecting Brooklyn and Queens. The project will repurpose 14 miles of existing freight rail to provide light rail service, linking to multiple subway lines, bus routes, and the Long Island Rail Road, and aims to serve communities with limited transit options. The MTA has issued a request for proposals for a two-year financial advisory contract valued up to $5 million to ensure effective use of public funds and risk management. Jacobs/HDR JV is responsible for the preliminary design, and the MTA is conducting an environmental review. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2026
  • Accession Number:192815299
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