Rapid Transit/Light Rail

NYS Comptroller: MTA needs new funding for improvements

New York State Comptroller Thomas P. DiNapoli has announced in a new analysis of the Metropolitan Transportation Authority’s (MTA) financial plan that the transportation authority needs to acquire new funding sources to avoid raising fares and tolls more quickly than expected.

SNC-Lavalin acquires asset management firm

SNC-Lavalin has acquired Data Transfer Solutions LLC (DTS) for $45 million. The company says the acquisition will add to the capabilities of SNC-Lavalin’s Atkins sector and will enhance service offerings in digital asset management for clients.