State to Pay MBTA Commuter Rail Operator $335M a Year
The base deal for Keolis is higher than what the current operator was paid with its contract a decade ago.
With MassDOT's approval, state officials revealed the contract price of $2.68 billion over eight years with the possibility for two 2-year extensions, according to a Boston.com report.
The base deal would come to about $335 million per year, higher than the $214 million per year paid to current operator Massachusetts Bay Commuter Railroad Co. when it was first awarded the contract about 10 years ago, according to the report. MBTA General Manager Beverly Scott told the board, however, that the contract contains more potential penalties of $12 million per year versus the current $3 million per year, according to Boston.com.