The MTA plans to make improvements to thousands of railcars, buses, miles of track and more.
The agency will also replace antiquated signals, switches and interlockings, instal modern signals across 80% of the subway system, make 95% of commuter rail stations accessible by 2045, and ensure the system is ready for all kinds of extreme weather.Officials neglected to provide an exact price tag, but went into more detail about where the money will come from, and noted that congestion pricing will only foot part of the bill.
"Our capital programs have always been composed of contributions, support from a lot of different sources. There is MTA bonding capacity, MTA debt, but we always make sure we have support from the governor and the state legislature, the city plays a major role, and the federal government," Jamie Torres-Springer, president of MTA Construction and Development, explained at a press conference.
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