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Rail News: Passenger Rail
MTA board approves $52 billion capital plan
The Metropolitan Transportation Authority's (MTA) board yesterday approved the proposed capital plan that calls for $51.5 billion to be invested in New York City’s subways, railroads and buses over the next five years.
The plan, which would increase infrastructure spending by 70 percent over current levels, calls for investing more than $37.3 billion in MTA New York City Transit’s subway, $5.7 billion in Long Island Rail Road's needs and $4.7 billion in Metro-North Railroad's needs, MTA officials said in a press release.
MTA officials by Oct. 1 will submit the plan to Capital Program Review Board for consideration and approval. That board is independent of the MTA and is made up of New York's governor, the New York City mayor and New York State Senate and Assembly representatives.
For a detailed look at the capital plan investments, click here.
Contact Progressive Railroading editorial staff.