METRO Magazine Logo
MenuMENU
SearchSEARCH

New York MTA Reports $300M in Capital Savings

The report comes as the agency prepares to move forward on a major slate of vital capital projects to be funded by congestion pricing.

New York MTA Reports $300M in Capital Savings

In 2023, the MTA completed more than $7 billion in capital projects, the highest in MTA history.

Photo: MTA/Patrick Cashin

3 min to read


The New York MTA Construction & Development (MTA C&D) outlined details of nearly $300 million in capital program cost savings as part of its 2023 Year in Review and 2024 Strategic Plan, which outlines initiatives to improve the delivery of capital projects and modernize the transit system better, faster, and cheaper.

The report comes as the agency prepares to move forward on a major slate of vital capital projects to be funded by congestion pricing.

Ad Loading...

MTA Driving Down Costs

The Strategic Plan lays out initiatives for the MTA C&D to drive down costs and deliver the ambitious capital program at scale, including innovative delivery models, bundling projects together, and cutting red tape, and shares results of those efforts.

In 2023, the MTA completed more than $7 billion in capital projects, the highest in MTA history. It also awarded more than $8 billion in new commitments, with those awards coming in 6.2% below the engineer’s estimate, saving nearly $300 million.

The completions represent the full promise of C&D’s new way of delivering projects better, faster, and cheaper, for example the completion of the following projects:

  • Canarsie L Tunnel rehabilitation phase completed ahead of schedule and under budget.

  • Resiliency upgrades at the Coney Island Yard, completed on budget.

  • LIRR Third Track completed on time and $100 million under budget.

  • LIRR Penn Station 33rd Street Concourse completed on time and under budget.

  • 28 projects completed since 2020 to make stations accessible to all under the Americans with Disabilities Act.

  • On-time delivery of major projects that bring MTA infrastructure into a state of good repair, including tunnel and infrastructure renewal on the Concourse B, D ​​ Line tunnel in the Bronx and a project to upgrade track on the 63rd Street Tunnel under the East River used by the F​ subway line.

“MTA C&D is developing into a world-class capital delivery organization and has the results to prove it,” said MTA Construction & Development President Jamie Torres-Springer. “This Strategic Plan catalogs the progress we’ve made in the few short years since C&D was created and lays out a plan to accelerate it going forward.”

Ad Loading...

Continuing to Find Savings

Funding from Congestion Pricing will help continue the agency’s progress.

In addition to reducing traffic and improving air quality, it is also the source of $15 billion for transit and commuter rail projects, representing 30% of the total 2020-2024 Program, and more than 50% of remaining projects in the program.

The funding will pay for vital reliability, accessibility, sustainability, and state of good repair projects throughout the entire transit system.

MTA C&D’s report also provides an update on the recommendations put forward by the consultant firm Crowe, which performed a forensic evaluation of the MTA’s capital planning process in 2019.

Since the audit, which coincided with the creation of MTA C&D as a new unified capital delivery agency, the MTA has doubled down on cost containment, with 90% of 2020-2024 capital projects costs within budget. MTA has also reduced project schedules by an average of four months and accelerated the scale of work in construction, tripling the number of accessibility upgrade projects underway, for example.

Ad Loading...

Impact on MTA’s Long-Term Planning

In addition to managing projects efficiently, these changes have transformed the long-term planning process.

The 20-Year Needs Assessment released last year was the most comprehensive in MTA history, evaluating nearly six million assets across the entire MTA system. It laid out in detail the urgent need for continued investment and set the stage for the creation of the 2025-2029 Capital Program as the MTA continues to meet the transit system’s needs.

Underscoring MTA C&D’s continuing efforts to transform the way it does business to deliver projects faster, better, and cheaper, the agency recently awarded its first “Progressive Design-Build” (PDB) contract, a type of contract that engages a contractor earlier in the design phase of a project, allowing for greater collaboration, efficiency, and reduced risks later during construction.

More Management

An aerial image of SMU/Mockingbird Station with text reading "Transit-Oriented Development. Your Questions, Explained."
Managementby Elora HaynesAugust 1, 2026

What Transit-Oriented Development Means for the Future of Public Transportation

Once viewed primarily as transit operators, agencies are now leveraging land, partnerships, and long-term planning to boost ridership, expand housing, and strengthen communities.

Read More →
A graphic with an image of railroad track in the background and text reading: "$22 Million for Transit Innovation, Updates to High-Speed Rail Rules."
Managementby Staff and News ReportsJuly 31, 2026

USDOT Announces $22 Million for Transit Innovation, Updates High-Speed Rail Rules

New federal transit funding will support safety, accessibility, and technology projects as updated rail regulations establish new noise standards for high-speed trains.

Read More →
A blue graphic with text reading "TCC Unveils Case Studies Ahead of Federal Funding Deadline."
Managementby Elora HaynesJuly 29, 2026

Transportation Construction Coalition Unveils Infrastructure Case Studies Ahead of Federal Funding Deadline

The coalition noted the next surface transportation bill should provide sustained investment in highways and public transit to strengthen freight movement, improve safety, and support economic growth.

Read More →
Ad Loading...
Fred Ferguson, President/CEO of the American Bus Association
Managementby Alex RomanJuly 29, 2026

People Movement: American Bus Association Extends Ferguson and More

METRO’s People Movement highlights the latest leadership changes, promotions, and personnel news across the public transit, motorcoach, and people mobility sectors.

Read More →
Driving Change: Award Winners Redefine Industry Standards
Technologyby Staff and News ReportsJuly 29, 2026

METRO Magazine Announces 2026 Innovative Solutions Awards Winners

Projects Recognized for Advancing Mobility Through Technology, Accessibility, Workforce Innovation, and Operational Excellence

Read More →
 An MBTA bus
Managementby StaffJuly 28, 2026

MBTA Rolls Out Pilot Programs to Cut Costs, Simplify Travel

Three new fare pilots — including unlimited two-hour transfers, reduced express bus fares, and free transit for eligible seniors — will launch this fall as Massachusetts extends popular commuter rail discounts through November.

Read More →
Ad Loading...
A public transit bus at a pedestrian crosswalk with text reading "Federal Transit Administration Makes $610 Million Available for Bus Projects."
Managementby StaffJuly 27, 2026

FTA Opens $610 Million Funding Opportunity for Bus Infrastructure Projects

The latest Notice of Funding Opportunity provides transit agencies with funding for bus facilities, fleet modernization, and low- and no-emission vehicles, with applications due September 21.

Read More →
A photo of an Amtrak train with a logo
Managementby Alex RomanJuly 24, 2026

Biz Briefs: STV teams with Amtrak, Motorcoach Operators Boost Fleet and Land Contracts, and More

From manufacturers and suppliers to transit agencies and motorcoach operators, these updates offer a snapshot of the projects, partnerships and business moves driving the industry forward.

Read More →
MBTA rail platform with people walking by.
Managementby Elora HaynesJuly 23, 2026

Massachusetts Approves $530M to Strengthen MBTA Operations, Infrastructure

The funding package targets operating stability, capital improvements, and fare affordability, offering a model for agencies navigating long-term funding challenges.

Read More →
Ad Loading...
LA Metro at State of the Agency event.
Managementby Alex RomanJuly 23, 2026

LA Metro Marks Banner Year, Sets Ambitious Goals for New Fiscal Year

Incoming LA Metro Board Chair and Los Angeles Mayor Karen Bass joined outgoing Board Chair Fernando Dutra and LA Metro CEO Stephanie Wiggins to review accomplishments from fiscal year 2026, which included the opening of new rail extensions, advancement of major transit projects, expanded safety programs, and new rider amenities.

Read More →