Gov. Cuomo approves MTA’s $27B repair and upgrade plan
The long wait for transit riders is over — the MTA’s $27 billion repair and upgrade program was finally approved in Albany, Gov. Cuomo announced Tuesday.
The money covers everything from track and station repairs to new train cars and buses.
It includes big-ticket projects like the start of Second Ave. subway’s next phase into East Harlem, East Side Access for Long Island Rail Road and the replacement of the MetroCard.
“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,” Cuomo said in a statement. “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.”
The capital plan is the MTA’s largest, but took months of political wrangling on a price tag and financing before approval at a time when the transit system is buckling under a large number of riders.
Cuomo has promised an $8.3 billion contribution to the plan in a deal with Mayor de Blasio, who will put $2.5 billion towards the MTA’s program.
The source of those funds has yet to be determined. But the MTA will have to exhaust its financial resources before the state and the city kick in its portion.