New York’s Metropolitan Transportation Authority on Thursday announced short- and long-term initiatives designed to mitigate the effects of Hurricane Sandy-type storms.

“It’s sunny outside, it’s warm, and we’re a month away from the start of another hurricane season,” interim executive director Thomas Prendergast said above the rumble of subway trains in a makeshift conference room at the South Ferry terminal in lower Manhattan.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.