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The New York Metropolitan Transportation Authority (MTA) has released a revised draft 2010-2014 Capital Program. MTA cut nearly $2 billion from the $26.3 billion program..

Projects included in the revised program will reduce annual operating costs and realize ongoing savings, according to the agency.

Elements of the new program include: systematically replacing, repairing or rehabilitating only the subway station components that are in need; investing in shops, yards and depots that serve the needs of more than one agency to maximize the use of capital funds; and changing standards for fleet replacement. The age of the fleet will no longer be enough to justify investments, MTA officials said. Specifications will seek to lower rail car weight, reducing the cost of cars, track wear and energy consumption.

The MTA board will vote on the revised program on Wednesday. If approved, it will be sent to the state’s Capital Program Review Board for final approval.