Article from mta.info
The MTA’s proposed 2015-2019 Capital Program is out. And it details its plan to ensure safe and reliable service for a growing region by investing in the subway, bus, commuter railroad, bridge and tunnel network.
The proposed $32 billion Capital Program is designed to renew, enhance and expand the MTA network, which moves 8.7 million customers every day and makes the $1.4 trillion regional economy possible. It includes vital investments to protect the safety and reliability of transit service, improve service quality and the customer experience, and expand the MTA network with new lines and connections.
The MTA has invested more than $100 billion into its Capital Program since 1982, rebuilding a network that had fallen into disrepair and becoming the engine for New York’s resurgence. These improvements have led to record ridership and spurred growth throughout the region, while also increasing expectations that the MTA can continue to improve and expand.
“The MTA Capital Program is our single most important effort to ensure we can keep the New York metropolitan region moving, so people can get where they need to go, businesses can thrive and the quality of life here can continue to improve,” said MTA Chairman and CEO Thomas F. Prendergast. “The MTA network is a $1 trillion asset, and it needs constant investment so it can serve everyone who relies on it now and can grow to serve more people in the future.”
The largest element of the 2015-2019 Capital Program is safety and reliability projects worth $22.2 billion to renew the MTA’s transportation network. This includes buying new subway cars, Staten Island Railway cars, commuter railroad cars and buses; improving tracks, signals, power supplies, stations and support structures; renewing and enhancing the MTA’s seven bridges and two tunnels; and installing Positive Train Control on commuter railroads and Communications-Based Train Control on subways for safer and more reliable service.
The Capital Program also proposes investing $4.3 billion in new technology, communications systems and railroad infrastructure to enhance the MTA and benefit customers throughout the region.
The Capital Program also includes $5.5 billion to expand the MTA network through major investments. This includes $1.5 billion to begin the next phase of the Second Avenue Subway from 96th Street to 125th Street, $2.8 billion to complete funding for the East Side Access project that will bring the Long Island Rail Road into Grand Central Terminal, and $743 million to begin the Penn Access project to bring Metro-North New Haven Line service into Penn Station and build four new stations in the Bronx.
The 2015-2019 Capital Program is scheduled to be presented to the MTA Board for approval at its September 24 meeting. The portions of the Capital Program that cover New York City Transit, the Long Island Rail Road, Metro-North Railroad and the MTA Bus Company, including the network expansion projects, total $29 billion and must be submitted to the state Capital Program Review Board by October 1. The remaining $3.1 billion of the Capital Program funds MTA Bridges and Tunnels projects and does not require approval by the Capital Program Review Board.
The MTA has identified $16.9 billion worth of funding sources for the proposed 2015-2019 Capital Program, including more than $6 billion in federal funding, $6 billion in bonding and $3 billion in funding from MTA sources. The MTA will work with its funding partners and other stakeholders to develop proposals to bridge the $15.2 billion funding gap.
You can get a copy of the Capital Program here.