A $5 billion plan to upgrade public transportation in lower Manhattan was submitted to federal officials by New York Gov. George Pataki.
The proposal calls for above-ground hubs at the World Trade Center site and the Fulton Street subway stations. It also suggests a rebuilt terminal at South Ferry, the Associated Press reported.
The plan says the construction should begin next year and continue through 2009, despite the fact that only $4.55 billion in federal money is available for transportation developments in lower Manhattan.
The $5.15 billion would be allocated as follows: $2 billion for the transportation hub at the WTC site, $750 million for the Fulton Street transit center and $400 million for a new terminal at South Ferry. Another $1.7 billion to $2 billion would be spend on various transportation projects, said the AP.