NY’s MTA Seeks Financial Adviser for Brooklyn-to-Queens Rail (1)

New York City’s transit system is looking for a financial adviser on a $5.5 billion light-rail project that will connect neighborhoods in Brooklyn and Queens.

The Metropolitan Transportation Authority, which oversees the city’s subway, bus and commuter rail lines, released a request for proposals this week for a financial consultant on the development, called the Interborough Express Project. The aim is to “ensure that public funds are used effectively, project risks are minimized, and every dollar invested delivers maximum value,” according to the RFP.

The potential contract term is for two years, and the MTA will spend as ...