Takeaways by Bloomberg AI
- New York City’s transit network is seeking to raise $230 million in short-term debt to finance needed infrastructure for its congestion toll plan.
- The proceeds will be used to refund prior short-term debt that matures before the end of this year and was used to pay for tolling gantries and infrastructure.
- The MTA expects to repay the short-term securities with congestion pricing revenue or long-term debt backed by those funds, according to borrowing documents.
Bloomberg CityLab
By Michelle Kaske
October 20, 2025