The Metropolitan Transportation Authority (MTA) today released the 2020-2024 Capital Plan that proposes investing $51.5 billion into the region’s subways, buses and railroads over the next five years to institutionalize and build on the progress of the Subway Action Plan and create a faster, more accessible, and more reliable public transportation system.
The proposed level of investment is by far the highest in the MTA’s history, increasing spending on infrastructure by 70% over current levels, which were already the highest ever. The program plans to invest more than $40 billion in New York City Transit’s subways and buses alone – including crucial signal upgrades – as well as major investment in the Long Island Railroad and Metro-North.
The single largest source of funds for the plan — $25 billion — comes from bonds backed by new revenue streams authorized in this year’s State budget.
The program proposes to invest more than $40 billion in New York City Transit’s subways and buses alone.
MTA New York City Subways | $37.3 billion |
The proposed capital program will modernize the subways by adding capacity, increasing reliability, and accelerating accessibility.
The program includes full funding for Phase 2 of the Second Avenue Subway from a mixture of federal and local sources.
Systemwide priority initiatives funded by the plan include signal modernization, new subway cars, station accessibility, station improvements, and track replacement.
Signal Modernization | $7.1 billion |
Subway Cars | $6.1 billion |
Station Accessibility | $5.2 billion |
Customer Experience Improvements | $109 million |
The MTA would accelerate the rollout of on-board digital information screens to provide real-time service information, add bus lane cameras that improve traffic enforcement, and add equipment for traffic signal priority, bringing for faster service to bus customers.
MTA Long Island Rail Road | $5.7 Billion |
The proposed capital plan makes the investments necessary to enable a historic transformation of the Long Island Rail Road by the planned December 2022 opening of East Side Access and Main Line Expansion.
East Side Access will allow more than 160,000 daily customers to travel to Grand Central Terminal, saving commuters up to 40 minutes per day.
Main Line Expansion will add a third track on 10 miles of the Main Line corridor, used by 40% of LIRR customers.
These projects, along with Jamaica Capacity Improvements, will enable a 60% increase in reverse commute and a 50% increase in peak service between Manhattan and Long Island.
Priority investments in the proposed capital program include track, station improvements, signals and switches, and rolling stock.
Track Upgrades | $1 billion |
Station Accessibility and Improvements | $910 million |
The LIRR will make seven additional stations accessible in accordance with the Americans with Disabilities Act; 93% of stations, serving 97% of customers, would be accessible.
The LIRR will bring component work and upgrades benefitting up to half of all riders to more than 20 stations, including platform, elevator and escalator replacements.
Rolling Stock | $485 million |
West of Hudson Improvements | $187 million |
The railroad will pursue the phased construction of core infrastructure needed to allow reverse-peak and better off-peak service, including state-of-good-repair needs, and support the potential future increase in daily service of up to 60%.
Harlem Line Capacity Improvements | $184 million |
The plan would progress infrastructure work to improve reliability and support a future third track on the Harlem Line, including building two new electrical substations, designing three more, and relocating and expanding parking at Southeast Station to allow for future Brewster Yard expansion.
MTA Bridges and Tunnels – The Triborough Bridge and Tunnel Authority | $3.3 billion |
Paying for the Plan
The single largest source of funds for the plan – $25 billion – comes from bonds backed by new revenue streams authorized in this year’s State budget, including $15 billion from central business district tolling that was passed by the legislature and signed into law in April by Governor Cuomo as part of the State’s FY 2020 budget.
The MTA anticipates receiving $10.68 billion from federal funding programs. Another $10 billion will come from bonds backed by newly established revenue sources dedicated to public transportation: a progressive tax on high-end real estate sales and the elimination of the internet tax advantage.
The State of New York under Governor Cuomo has pledged $3 billion, subject to approval by the legislature, and the City of New York under Mayor Bill de Blasio has been asked to pledge an equal amount.
The remaining $9.8 billion will come from the MTA in the form of pay-as-you-go capital contributions and bonds backed by longstanding dedicated taxes, fares and revenues from existing tolling.