February 19, 2016
» Sound Transit seeks a deputy director, civil and structural design. [More]
» The Norwalk Transit District is looking for a director of transportation operations. [More]
» St. Cloud Metro Bus requests proposals for a complete redesign of its website. [More]
View more Classified Ads »
TO PLACE AN AD: E-mail the requested date(s) of publication to: ptads@apta.com. Mailing address is: Passenger Transport, 1300 I Street NW, Suite 1200 East, Washington, DC 20005. Ad copy is not accepted by phone. DEADLINE: 3 p.m. EST, Friday, one week prior to publication date. INFORMATION: Phone (202) 496-4877.

New York MTA Issues 'Green Bonds'

The New York Metropolitan Transportation Authority (MTA) offered its first-ever “Green Bonds” to the public Feb. 17-18, promoting them with a targeted marketing campaign on websites and area radio stations.

“Eight and a half million people travel on MTA trains and buses every day,” said MTA Chairman and CEO Thomas F. Prendergast. “By leaving their cars at home and embracing mass transit, New Yorkers play a dramatic role in reducing carbon emissions. These bonds recognize the ways in which mass transit and commuters work together to keep carbon out of the atmosphere, and that makes them the perfect choice for people who want to invest in the renewal and modernization of the greatest transportation system in the world, while at the same time helping New York to be greener and healthier.”

The bonds are certified by the Climate Bonds Initiative (CBI), an international not-for-profit organization that supports financing for projects that help reduce the impacts of climate change. The bonds’ proceeds of $500 million will pay for projects on MTA New York City Transit, Long Island Rail Road and Metro-North Railroad.

MTA is not the first U.S. public transit agency to offer green bonds. Last year, Sound Transit in Seattle executed the sale of almost $1 million in green bonds.
« Previous Article
Return to Top
Next Article »

© Copyright American Public Transportation Association
1300 I Street NW, Suite 1200 East, Washington, DC 20005
Telephone (202) 496-4882 • Fax (202) 496-4321
Print Version | Search Back Issues | Contact Us | Unsubscribe
Twitter Flickr Blog YouTube Facebook