MTA Proposes $68.4 Billion Capital Plan
MTA Proposes $68.4 Billion Capital Plan
MTA Proposes $68.4 Billion Capital Plan
News summary

The Metropolitan Transportation Authority (MTA) has proposed a record $68.4 billion capital plan for the years 2025-2029, aimed at modernizing New York's aging transit infrastructure, including the purchase of 1,500 new subway cars and the construction of a new train line from Brooklyn to Queens. Despite the ambitious nature of the plan, officials acknowledge that nearly half of the funding remains uncertain, particularly after Governor Kathy Hochul's pause on the congestion pricing initiative, which was expected to contribute significantly to the budget. MTA Chairman Janno Lieber emphasized the necessity of the upgrades to prevent failures within the 120-year-old system. The plan includes substantial investments in maintaining and improving bridges, tunnels, and accessibility features, as well as the introduction of electric buses. The MTA will seek approval from the state review board by October 1, with pressure mounting on state lawmakers to secure adequate funding. Transit advocates urge Governor Hochul to find alternative funding sources to support the plan and maintain reliable service.

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