Monday, September 16, 2019

MTA Announces $51.5 Billion Capital Plan for 2020-2024

 
Click here for the report. 

Source: amNEWYORK

Statement from Governor Andrew Cuomo

"Last week I laid out my priorities for the MTA Capital Plan, including improving signal technology, increasing accessibility, addressing quality of life concerns, ensuring equity for LIRR and Metro-North Railroad, and upgrading bus service - and I will review the details of the plan to make sure it fulfills those priorities. The Senate Leader, Assembly Speaker and Mayor of New York City must approve the plan in order to move forward as they each have unilateral discretionary veto power. For decades the MTA was mismanaged and underfunded - that is why in 2017 we invested $836 million for the Subway Action Plan and $8 billion in State capital funds and $2.6 billion in New York City Capital funds. The success of that plan is inarguable - it led to the recent 84% on-time performance rate, a six-year high - but its implementation was delayed, and that cannot be repeated with this new plan. We have secured $25 billion during this year's legislative session that will go directly towards the MTA's capital needs outlined in this plan, and I support an additional State investment of $3 billion, to be matched by the City, that will go toward making our subways more accessible. We have an historic opportunity to institutionalize the lessons learned, build on the progress made under the Subway Action Plan and make crucial upgrades so riders get the 21st century transit system they deserve." 

Source: The Office of Governor Andrew M. Cuomo

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