MTA Capital Program to fund new subway cars, trains, buses and more

The Metropolitan Transportation Authority (MTA) Board on Friday, October 30 approved its 2015-19 Capital Program—one, it claims, is the largest investment ever in the subways, buses, railroads, bridges and tunnels that keep New York moving.

According to the MTA, the approved budget will make way for thousands of new subway cars, train cars and buses, invest $2.8 billion in subway station improvements, and bring countdown clocks to the majority of subway stations, among other improvements.

“Since our first Capital Program in 1982, we have invested more than $100 billion to rescue our mass transit network from near-collapse and make it an engine of growth for the entire region,” said MTA Chairperson and CEO Thomas Prendergast. “Thanks to the leadership of Governor Andrew Cuomo and the hard work of our dedicated MTA staff, this revised Capital Program will reduce costs and deliver projects more efficiently without cutting any projects or the benefits they will bring to our customers.”

The revised program totals $29 billion, almost 10 percent less than the $32 billion Program first proposed a year ago, and includes $21.6 billion in core investments in the MTA’s subways, buses and railroads.

For more information on the program, visit www.mta.info/capital.