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Yesterday, the New York Metropolitan Transportation Authority (MTA) released its 2010-2029 20-Year Needs and Preliminary 2010-2014 Capital Program for public review and comment. The proposals are “based on two guiding principles — rebuild the MTA's infrastructure and expand its system to accommodate growing demand,” according to a prepared statement.
The $25.5 billion 2010-2014 program focuses on rebuilding the MTA’s core infrastructure, which makes up 73 percent of the total program. Obsolete or inefficient infrastructure will be replaced with “smart investments,” such as new technologies and innovative services, MTA said. Meanwhile, an expansion plan includes the completion of three ongoing projects and an analysis of many “new initiatives,” the agency added.
The program includes funding assumptions from local, state and federal partners – it also requires an additional $10 billion to implement it as currently presented. The agency will incorporate public input into a revised plan that’ll be formally presented to the MTA Board in September. For more detailed information on the proposal, follow this link.
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