The proposed US$32bn programme is designed to renew, enhance and expand the MTA network, which moves 8.7 million customers every day. “The MTA network is a $1 trillion asset, and it needs constant investment so it can serve everyone who relies on it now and can grow to serve more people in the future,” said MTA chairman and CEO Thomas Prendergast.
The largest element is a package of safety and reliability projects worth US$22.2bn to renew MTA’s transportation network. The programme also proposes investing US$4.3bn in new technology, communications systems and rail infrastructure.
The US$5.5bn for expansion includes US$1.5bn to begin the next phase of the Second Avenue Subway from 96th Street to 125th Street, US$2.8bn to complete funding for the East Side Access project to bring the Long Island Rail Road into Grand Central Terminal, and USS$743m to begin the Penn Access project to bring Metro-North New Haven Line service into Penn Station and build four new stations in the Bronx.