New York’s Metropolitan Transportation Authority (MTA) has proposed investing $51.5 billion in the city’s subways, buses and railroads over the next five years.
Janno Lieber, MTA chief development officer, says: “The proposed capital programme will be truly transformational – more trains, more buses, more service, more accessibility and more reliability.”
The 2020-2024 Capital Plan would put $40bn into the city’s subways and buses and $6.1bn for 1,900 new subway cars to help mitigate delays.
MTA also wa
The Port Authority of New York and New Jersey has approved a package of toll and fare hikes to raise funds for large-scale improvements.
Executive director Rick Cotton says: "We don't want to impose increases. But we must, on the other hand, support investment in our ageing, legacy facilities. Our infrastructure facilities are, simply, sub-par."
A report in CTPost suggests the major projects include upgrades of LaGuardia, JFK and Newark Liberty airports, a new AirTrain serving LaGuardia and a new mono
