Fung Wah's owner has decided to close the business, according to Councilwoman Margaret Chin's office.
The company agreed to wait until the planned DOT work was completed near the Manhattan Bridge.
New safeguards include a new electronic logging system and increased safety checks.
The Chinatown bus company, known for its $15 Boston-to-New York route, is allowed to operate again.
The Chinatown bus operator wants a new license after it was shut down for safety violations in 2013.
The federal Department of Transportation has shut down the bus carrier with a stop in Chinatown.
The federal Department of Transportation shut down Fung Wah Bus earlier this month.
Margaret Chin got $1,670 from employees from the Fung Wah bus company, according to records.
Joel Azumah says buses will leave four times daily from Harlem to Boston.
The US Department of Transportation shut down Ming An on Friday.
Lovers who travel to see their partners are worried after the cheap bus line was shut down.
The U.S. Department of Transportation has permanently shut down the low-cost bus carrier.
A stafety inspection found cracks in the frames of some of the low-cost carrier's fleet.
The Fung Wah bus struck the victims near Canal Street and Bowery Monday night, according to the NYPD.
A Council committee endorsed a resolution urging the state to pass legislation to regulate inter-city buses.
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