The MTA has announced a “historic” capital plan, proposing to spend $51.5 billion to transform the transit agency.
The plan includes $40 billion for NYC Transit, which means new subway signals, new subway cars, track upgrades, station improvements and the final installment of the Second Avenue Subway construction.
“The system has been stabilized and this capital plan offers us an extraordinary opportunity to now modernize it and provide world-class transit options to New Yorkers in an unprecedented time frame, and as we move forward we will rise to that challenge on behalf of our customers,” NYC Transit President Andy Byford said.
The program calls for more than 2,400 new buses and improvements to depots. It will also finish the Long Island Rail Road’s East Side Access project, upgrade the tracks and improve the infrastructure at Jamaica.
“Not only will it enable us to continue to accelerate our systemwide core improvements to service safety, accessibility, reliability and comfort, it will enable us to sustain and grow Long Island’s economy and quality of life for the entire region,” LIRR President Phil Eng said.
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