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New York’s Metropolitan Transportation Authority (MTA) recently obtained a $1.3 billion Full Funding Grant Agreement from the Federal Transit Administration for the first phase of MTA New York City Transit’s Second Avenue Subway project. To be distributed during a seven-year period, the grant will cover 27 percent of the project's $4.9 billion cost.

Scheduled to open in 2014, the line's 2.3-mile first phase will run along Second Avenue north from 63rd Street to 105th Street and include three stations. The agency broke ground on the line in April. Crews currently are relocating utility lines on the west side of Second Avenue so a tunnel boring machine can be put in place.

The entire Second Avenue Subway project includes three additional phases that will extend the line up to 125th Street and down to Hanover Square in the Financial District. Once complete, the line is expected to accommodate 560,000 riders daily.