MTA announces $51 billion plan to save the subway, treat NYC's transit sickness
Added 09-16-19 01:13:01pm EST - “Metropolitan Transportation Authority officials on Monday laid out the broad strokes of a $51.5 billion, five-year capital plan to quickly modernize the subway system, make 70 more subway stations accessible and revolutionize the…” - Nydailynews.com
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New York City’s transit network, neglected and underfunded for decades, is about to get an incredibly expensive shot in the arm.
Metropolitan Transportation Authority officials on Monday laid out the broad strokes of a $51.5 billion, five-year capital plan to quickly modernize the subway system, make 70 more subway stations accessible and revolutionize the way people move throughout the region.
The vast majority of the money, roughly $40 billion, will go towards New York City Transit, $37.3 billion of which will be used to pay for subway projects. For context, the MTA spent roughly $32 billion on its current five-year capital plan, which wraps up at the end of the year.
“This is an historic, transformational capital plan that we’re describing,” said MTA Chairman Pat Foye. “Customers will have more reliable, efficient service.”
But the plan will be painful. Transit officials warned that the aggressive construction plan will lead to extended shutdowns of service on nights and weekends across some areas of the subway — but insisted the sacrifice will be worth making.
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