1 / 7

Jonathan R. Davis Deputy General Manager & Chief Financial Officer Massachusetts Bay Transportation Authority

Capital Debt Affordability Committee Friday, May 17, 2013 1:00 p.m. State House, Room 222, Boston, MA. Jonathan R. Davis Deputy General Manager & Chief Financial Officer Massachusetts Bay Transportation Authority. MBTA Transit System Profile.

bianca
Download Presentation

Jonathan R. Davis Deputy General Manager & Chief Financial Officer Massachusetts Bay Transportation Authority

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Capital Debt Affordability Committee Friday, May 17, 2013 1:00 p.m. State House, Room 222, Boston, MA Jonathan R. Davis Deputy General Manager & Chief Financial Officer Massachusetts Bay Transportation Authority

  2. MBTA Transit System Profile • Oldest and fifth largest transit system in the country • Territorial area throughout eastern Massachusetts consists of: • 175 cities and towns • Over 4.6 million people served • MBTA Transit System consists of: • Rapid transit rail routes over 38 miles • Streetcars and light rail vehicles of additional 26 miles rail routes • More than 1,000 buses for 751 miles routes • Commuter rail service operates over 480 units of passenger rail equipment providing service between Boston and 125 outlying rail stations • Other passenger services, including commuter boats, “The Ride” paratransit service, and express buses • 1.3 million passenger trips estimated every business day

  3. MBTA Transit System Top Five Priorities • Safety: Our safety and our customer’s safety is our shared top priority. Over the coming months, we will work together to launch new safety initiatives and improve our overall safety record. • Customer Service: Our customers deserve a superior experience on every trip—a clean subway, bus or train, courteous service, timely and complete travel information, reliable and on-time performance, and accessible vehicles and stations • Employee Relations: Our number one asset. The launch of MassDOT University provides employees with the skills needed to succeed in the workplace. To ensure all of us have a satisfying work experience, each of us must take responsibility for fostering an inclusive, respectful and diverse environment. • Fiscal Responsibility: We will seek new ways of doing business to contain costs and improve our bottom line. Also, we will continue to optimize federal funding sources to address capital needs. • Innovation: We will strive to use creative approaches and the latest technology to enhance customer service and increase ridership Slide 3

  4. Debt Profile • Currently MBTA has $5.45 billion of principal and $8.8 billion of debt service • payments outstanding Debt Service Profile 1 Principal Outstanding by Credit 1 FY2013 Debt Serviceincludes the entire fiscal year of 2013 Slide 4

  5. Capital Investment Program (FY 2014 – FY 2018) • Sources of Funds Total Draft CIP: $7.2 billion Slide 5

  6. Capital Investment Program (FY 2014 – FY 2018) • Uses of Funds Total Draft CIP: $7.2 billion Slide 6

  7. Capital Investment Program (FY 2014 – FY 2018) • Sources of Funds [Summary] Slide 7

More Related