Jay Walder, the new chief executive of the Metropolitan Transportation Authority, has marked his first 100 days in office by releasing a 24-page report outlining his plans for a major system overhaul on Friday.

"We will do what every business in the state has had to do to survive," said Walder in his report. "We will examine every aspect of our operation to discover better and less expensive ways to do essential work."

Walder said MTA has not changed the way it conducts business since its inception in 1968 and there are several overdue cost-cutting improvements for the agency.

One of his goals is to eliminate redundancies within the system.

For example, Walder says the MTA has "92 different telephone numbers customers can call for information."

The MTA has about 5,000 administrative positions, many of doing the same job, that costs the system $500 million per year. He plans on eliminating duplicate jobs and departments and reducing the number of people in management.

Overtime accounts for an additional $500 million of the MTA's budget and Walder plans on revamping employees' expensive and restrictive work rules.

He also said some transit agencies could share facilities, like having the Metro-North Railroad and Long Island Railroad share repair yards.

Along with his plans for streamlining the MTA, he also outlined several new initiatives he intends on implementing.

In the next few months, Walder said electronic signs indicating the amount of time for the next train or bus will be installed in subway stations and bus stops.

The MTA is also partnering with MasterCard to experiment with a new fare-collection system, which would eliminate the need to swipe a MetroCard in order to board mass transit.

Another goal is to help buses move faster by improving signage, using on-the-spot ticketing and placing cameras along six congested route throughout the five boroughs.

He also wants to reinstate a regular painting and repairs program, which would include the upkeep of escalators and elevators even if they are not broken and improving the aesthetics of stations so they do not appear "dirty and in a state of disrepair."