Metro-North Needs $400M More For Key Train Safety System

Law360, New York (January 10, 2014, 3:38 PM EST) -- Top New York railroad officials told state lawmakers Friday that signal fixes have been made to the Bronx tracks where a deadly Dec. 1 accident occurred but warned the railroad needs some $400 million more to install a system-wide safety system that it says won't be implemented by a 2015 deadline.

The Metro-North commuter railroad's operations chief John E. Kesich and Craig F. Stewart, a top money manager at the railroad's parent Metropolitan Transportation Authority, told a panel convened by Brooklyn Democrat James F. Brennan that the...
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