The New York Metropolitan Transportation Authority (MTA) board formally approved a revised $68.4 billion Capital Plan for 2025–2029, following the allocation of state funding in the newly passed New York State budget. 

The proposed plan will now be resubmitted to the MTA Capital Program Review Board in Albany, signaling a major step forward for what MTA officials are calling the agency's most rigorously developed capital program.

A Historic Investment in Resilience, Reliability

The plan is grounded in the Twenty-Year Needs Assessment, the MTA’s most comprehensive system-wide evaluation to date, and emphasizes investments that prioritize state of good repair, system modernization, and long-term sustainability.

“This is the first capital plan based on a comprehensive review of the condition of this priceless system,” said MTA Chair/CEO Janno Lieber. “And it unapologetically puts the spotlight on maintaining and modernizing the infrastructure New Yorkers depend on every day.”

With aging assets across the subway, bus, commuter rail, bridge, and tunnel networks, the plan allocates funding toward:

• Modernizing 75 miles of signaling.

• Making 60 stations ADA accessible.

• Purchasing 2,000 new railcars.

• Rebuilding more than 80 power substations.

• Installing new fare gates at 150 stations.

• Enhancing station security and passenger information systems.

• Overhauling the Grand Central Artery.

• Upgrading key train yards, shops, and substations.

Initial phases of work are already underway, including signal modernization along the Fulton and Liberty lines, early design for the Interborough Express, and climate resiliency projects on Metro-North’s Hudson Line.

Maximizing Efficiency with In-House Delivery

MTA Construction & Development (MTA C&D) is prepared to accelerate project delivery using its internal team, which has already initiated nearly half of the plan’s components. 

A reassessment of scope has led to shifting additional responsibilities in-house, such as barrier installations, component repairs, and substation work, yielding notable cost savings.

So far in 2025, the MTA has installed platform barriers at 19 stations, and it plans to complete 100 installations by the end of the year.

The Capital Program Review Board in Albany will finalize the proposed plan. 

Once approved, MTA C&D is set to proceed at full speed with delivering the proposed upgrades, the agency said.