The Metropolitan Transportation Authority (MTA) Board, North America’s largest transportation network, recently approved a proposed $68.4 billion plan to be resubmitted to the MTA Capital Program Review Board in Albany.
The proposed plan includes investments to rebuild, improve, and expand the MTA system. It is MTA’s first plan to be informed by the Twenty-Year Needs Assessment, the most detailed system-wide evaluation the authority has undertaken.
“I’m thrilled to report to the board that we have funding to move forward on the $68.4 billion 2025 – 2029 Capital Plan,” MTA Chief Financial Officer Kevin Willens said. “Funding transit, whether operating or capital should be treated like a core government service like water, sanitation and healthcare. It is an investment in infrastructure that is critical to the economy of the city and the state.”
Nearly half of work in the proposed plan has been initiated through MTA Construction & Development (MTA C&D) internal processes. MTA C&D has revaluated, since the board initially approved the proposed plan, what work can be moved in-house.
Major projects in the 2025-2029 Capital Plan include the preliminary design phase of the Interborough Express, resiliency efforts on Metro-North Railroad’s Hudson Line, overhauling the Grand Central Artery, and ordering 2,000 railcars.