Latest news with #subways
BBC News
12 hours ago
- Business
- BBC News
'Neglected' Newcastle city centre subways in line for spruce-up
Grotty subways beneath a major city centre roundabout are in line for investment to make them feel less City Council is set to fund work to improve the state of the underpasses around the Swan House roundabout, which were called "dated and neglected" in a local authority £64,000 is being set aside to pay for measures intended to make the subways feel safer, and it follows the recent installation of new plans could include things such as CCTV cameras, painting, new signage and a general clean-up of the area, according to the Local Democracy Reporting Service. The council report said the subways, connecting to a redevelopment area on East Pilgrim Street and the east side of the A167 central motorway, were the subject of safety concerns from residents and were "experiencing a decline in the uptake of rental premises as a result of the unattractiveness of the surrounding connections", the document added.A spokesperson for the local authority said the lighting was "already making a difference" but added further improvements were needed to "create a more pleasant and appealing pedestrian route". Follow BBC North East on X, Facebook, Nextdoor and Instagram.
Bloomberg
07-05-2025
- Business
- Bloomberg
NY MTA Gets $500 Million Loan Backed by Congestion Toll Revenue
New York's Metropolitan Transportation Authority entered into a $500 million loan agreement with a group of investors that's backed by congestion pricing revenue as the Trump administration tries to end the tolling program, according to a loan document. The operator of the city's subways, buses and commuter rails closed the tax-exempt deal on May 2, the document posted on the Municipal Securities Rulemaking Board 's website said. The floating-rate borrowing is expected to cost the agency about $20 million in interest and matures in one year, according to court documents filed in MTA's lawsuit that seeks to continue congestion pricing.
