$27B, 5-Year Capital Improvement Approved for MTA

New York State’s Capital Plan Review Board approved a $27 billion, five-year Capital Improvement Program for the New York City-based Metropolitan Transportation Authority (MTA). The plan’s passage is the largest investment in New York City infrastructure in the state’s history.

The plan will add more than 2,340 buses and 1,450 subway cars to the system. Other aspects include renovating stations, as well as adding new Metro-North stations in underserved areas of the Bronx, and bringing Metro-North service to Penn Station.

“Today marks a major step forward for the MTA, and the people of New York,” said MTA Chairman and CEO Tom Prendergast. “With historic levels of funding through the capital plan, we have the resources and support we need to fulfill the Governor’s mandate to renew, enhance and expand our transportation infrastructure.”