Jay Walder, chairman and chief executive officer of New York’s Metropolitan Transportation Authority, last week urged the municipal finance community to continue to support capital funding for mass-transit projects despite the economic downturn.

Walder spoke during a Municipal Forum of New York luncheon on Thursday attended by more than 300 municipal bankers, lawyers, financial advisers, and other market participants. He encouraged the financial community to support infrastructure investment in the MTA and not let New York City’s subways, commuter railroads, and buses return to the days when officials halted capital projects due to tough economic times.

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