MTA Approves $68 Billion Capital Plan, Shifting Funding Burden to Albany
The MTA's largest-ever capital plan requires New York State lawmakers to secure $33 billion to prevent transit infrastructure decay.
- The MTA board has unanimously approved a $68 billion capital plan, the largest in its history, to upgrade New York's transit infrastructure.
- Governor Kathy Hochul and state legislators must now find $33 billion in funding for the plan, which focuses on essential repairs and maintenance.
- The plan includes purchasing 2,000 new subway and commuter railroad cars, upgrading electrical equipment, and repairing elevated subway structures.
- Some funding will go towards new projects like the Interborough Express light rail line between Brooklyn and Queens, despite concerns about diverting resources from essential maintenance.
- Hochul has also committed to addressing a $16.5 billion gap in the current 2020-2024 capital plan, which was exacerbated by the recent pause on congestion pricing.