New York's MTA transport network approves fare hikes for 2013

NEW YORK Thu Dec 20, 2012 4:44am EST

A man waits for the subway at the Times Square stop in New York, December 19, 2012. REUTERS/Andrew Burton

A man waits for the subway at the Times Square stop in New York, December 19, 2012.

Credit: Reuters/Andrew Burton

NEW YORK (Reuters) - New York's Metropolitan Transportation Authority, the biggest transportation network in North America, approved fare hikes on Wednesday that will raise the base price of a ride to $2.50 from $2.25.

The price of a 30-day unlimited ride MetroCard will also rise to $112 from $104.

The fare hikes will go into effect on March 1.

The MTA, with a $12.6 billion budget, operates New York City's subway and bus system, area bridges and tunnels, and commuter railroads that stretch into Long Island and the city's northern suburbs. (Reporting By Hilary Russ; Editing by Chizu Nomiyama)