$27 billion, 5-year MTA New York capital program approvedStaff writer ▼ | May 24, 2016
Governor Andrew M. Cuomo announced that the $27 billion 2015-19 MTA Capital Program has received final approval from the Capital Plan Review Board.
Transportation The MTA is moving forward
“The MTA is the lifeblood of the New York metropolitan area’s transportation network and we must ensure it has the capacity to meet the travel demands of the next generation and fuel one of the largest economies on the globe,” Governor Cuomo said.
“By investing in the most robust transportation plan in state history, we are reimagining the MTA and ensuring a safer, more reliable and more resilient public transportation network for tomorrow.”
This year, the state committed to $8.3 billion in funding to the MTA’s $27 billion Capital Plan.
This investment, when combined with existing efforts, will purchase more than 2,340 buses and 1,450 subway cars to the system; and advance an initiative to build four new Metro-North stations in underserved areas of the Bronx and bring Metro-North service to Penn Station.
This investment will begin the extension of the Second Avenue Subway to East Harlem; continue the project to enhance LIRR performance by adding a second track along 18 miles between Farmingdale and Ronkonkoma; renovate and revitalize stations; an accelerated plan to create a new fare payment system to replace the MetroCard; and continue building the East Side Access project so that LIRR riders will be able to travel into Grand Central Terminal.
In addition to the $27 billion the CPRB approved, the MTA’s Capital Program includes nearly $3 billion in self-funded bridge and tunnel improvement and repair projects financed by MTA Bridges and Tunnels.
The Governor also announced that the MTA is moving forward with a plan to renovate 31 subway stations throughout the New York metropolitan area – a key aspect of his plan to reimagine the MTA for the 21st century.
This week, the MTA Board is expected to approve a Request for Statement of Qualifications to begin identifying design-build teams to undertake the massive renovation program. ■