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6/13/2024
The Massachusetts Bay Transportation Authority's (MBTA) board has approved a capital investment plan for fiscal years 2025 to 2029 that includes more than 640 capital projects to modernize, expand and increase the safety and reliability of the authority's transit network.
The budget includes a programmed spend of $9.6 billion over the next five fiscal years, including $843 million in new funding, MBTA officials said in a news release.
“The five-year capital investment plan establishes a foundation for improving service today while also guiding how we build toward the future of the system,” said MBTA General Manager and CEO Phillip Eng.
The plan focuses on investment objectives that improve safety, reliability, modernization, accessibility, sustainability, resilience and equity; address critical assets needed to bring the system to a state of good repair; and prioritize projects that keep the agency on a path to better service.
Major investments include full funding for the North Station Draw 1 Bridge Replacement project, which is critical for commuter-rail service and handles the Haverhill, Lowell, Newburyport/Rockport and Fitchburg lines.
As part of the plan funding, the Boston Metropolitan Planning Organization is providing $26.6 million for six projects, including rail modernization early action items and improvements at Nubian Square station in Boston.