On Wednesday, the New York Metropolitan Transportation Authority’s (MTA) Board of Directors approved a $68.4 billion capital investment plan.
The 2025-2029 Capital Plan would invest heavily into the MTA to bring it to a State of Good Repair, with more than 90 percent of the funding dedicated to rebuilding and improving the system. The plan invests in the region’s subways, buses, railroads, bridges and tunnels, officials said, to ensure that New Yorkers will have access to reliable, accessible and sustainable transit.
The proposed plan includes targeted investments to rebuild, improve and expand the MTA system, as well as to bring the current system to a state of good repair. The plan will also invest in railcars, power and signaling, while working to improve the customer experience, make the system more accessible, modernize stations and fare gates, and take action on climate change through resiliency and sustainability initiatives.
The plan was made in conjunction with the MTA’s Twenty-Year Needs Assessment, a system-wide evaluation of the MTA that focuses on the future needs of the agency. The Needs Assessment plan looks to a region with an additional 1 million jobs, and strives to bring riders back to an agency that will serve more than eight million riders per day.
The board-approved Capital Plan will be submitted to the MTA Capital Program Review Board (CPRB) by Oct. 1, who will then review and approve the plan.