Chairman and CEO Foye Writes to Top Seven Vendors in Georgia Warning of Devastating Cuts to Come Without $12 Billion in Federal Aid
View Letters
Metropolitan Transportation Authority (MTA) Chairman and CEO Patrick J. Foye today wrote to seven of the largest suppliers in Georgia that provide equipment for the nation’s largest mass transit network. Chairman Foye’s letters, the latest to suppliers nationwide, highlight the significant amount of revenue and jobs at stake for Georgia residents as the MTA seeks $12 billion in federal funding in order to keep the lights on through the end of next year.
“Over the last several years, the MTA has spent approximately $101.4 million with several major companies in the state,” Chairman Foye wrote. “Additionally, at least 11 of the MTA’s largest non-construction vendors have direct operations, subcontractors, or suppliers also based in Georgia, which generate an additional $438 million in annual revenue and provide over 4,500 jobs. We need urgent action from Washington to keep creating jobs, investing in our infrastructure, propelling our economy forward and ultimately building back stronger and better than ever before.”
The MTA is currently experiencing $200 million on average in revenue losses every week – an unprecedented crisis that eclipses even the Great Depression’s impact on its ridership and finances. These declines, compounded by the loss of state and local taxes and subsidies that support the organization, have left the MTA with a $15.9 billion projected deficit through 2024.
Without an immediate injection of $12 billion in federal aid, the MTA will be forced to make draconian cuts that will reverberate throughout the entire nation's economy. The MTA outlined those potential cuts in its monthly board meeting on Nov. 18.
Letters were sent today to seven Georgia companies:
- FleetCor, with which the MTA has spent $32 million over the last several years
- Kapsch TrafficCom, with which the MTA has spent $10 million over the last several years
- CGI Technologies and Solutions, with which the MTA has spent $9 million over the last several years
- FELLFAB, with which the MTA has spent $6.5 million over the last several years
- National Railway Supply, with which the MTA has spent $5.5 million over the last several years
- Team One Repair, with which the MTA has spent $5 million over the last several years
- KettenWulf, with which the MTA has spent $4.9 million over the last several years