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9/27/2024
The Metropolitan Transportation Authority's (MTA) board recently the approved a 2025-2029 capital plan, which outlines a $68.4 billion investment in the New York City region’s subways, buses, railroads, bridges and tunnels.
The plan calls for the largest capital investment in MTA history, agency officials said in a press release. The plan will be submitted to the MTA Capital Program Review Board by Oct. 1 for approval.
The proposed plan calls for projects to rebuild, improve and expand the MTA system, enabling the MTA to provide more frequent and reliable services by investing in rail cars, power and signals. Updates to stations and fare gates, accessibility and sustainability initiatives are included in the plan, too.
“The 2025-2029 capital plan assumes a fully funded 2020-2024 capital plan and looks ahead to the next slate of vital improvement projects, informed by the most detailed system-wide evaluation the MTA has ever undertaken, the Twenty-Year Needs Assessment,” MTA officials said.