After years of rider complaints and problems with the entire infrastructure system, the Metropolitan Transportation Authority announced it plans to invest an unprecedented $51.5 billion into the region’s subways, buses, and railroads over the next five years.
The proposed investment is by far the highest in the MTA’s history, increasing spending on infrastructure by 70 percent over current levels.
The program plans to invest more than $40 billion in New York City Transit’s subways and buses alone – including crucial signal upgrades – as well as major investment on the Metro-North runs.
“This plan expands service, increases reliability, speeds up the system, and delivers the world’s largest-ever investment in accessibility, for both NYC Transit and the MTA’s commuter railroads, and at the end of this five-year period, New Yorkers will see a revitalized and modern system for the 21st century and beyond," said Patrick J. Foye, MTA chairman & CEO.
The program proposes to invest more than $40 billion in New York City Transit’s subways and buses alone.
Another $4.7 billion will be to implement the Metro-North’s Penn Station Access Plan, which including constructing four new train stations in the Bronx, as well as upgrading Grand Central and numerous other improvements.
Systemwide priority includes $7.1 billion on signal modernization, 1,900 new subway cars, 70 station upgrades, and $2.6 billion on track replacement.
“These proposed investments in our subways and buses have delivered beyond my wildest expectations,” said MTA New York City Transit President Andy Byford.
A much-lauded part of the vision is the Penn Station upgrade which is expected to serve 50,000 riders a day, officials said.
Under the plans, riders across Westchester, including New Rochelle, Larchmont, Mamaroneck, Rye, Port Chester, and Harrison would have a one-seat ride to the West Side of Manhattan for the first time.
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