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New York & Tri-State   /   April 9, 2018

Paul Bubny
By: Paul Bubny

Full Funding Means Faster Overhaul for NYC Subways

With full funding of $836 million now secured for the Subway Action Plan that Metropolitan Transportation Authority Chairman Joe Lhota announced last July, Gov. Andrew Cuomo touted an accelerated schedule for implementing the plan. Cuomo said the MTA’s car overhaul shops would now rehabilitate more than 1,300 cars per year, and could operate 24/7.

Calling the subways “the lifeblood of New York City,” Cuomo said the plan was “essential to deliver a mass transit system of the caliber that New York’s economy and people require and deserve.” He and Lhota toured an overhaul shop in Northern Manhattan on Friday, a day after taking a swipe at Mayor de Blasio for delaying the city’s participation in funding the plan.

The mayor last week agreed to cover half the plan’s cost. The city’s contribution will come largely through newly-imposed charges on vehicles for hire below 96th Street in Manhattan.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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