The MTA proposes its largest capital plan ever
The capital plan would require billions of dollars worth of concerted federal, state, and local funding. The plan asked for $3 billion in federal funds for the Second Avenue Subway alone, which President Trump has already tweeted his support for, seemingly unprompted (Governor Cuomo was puzzled and denied reaching an agreement with the federal government). Another $3 billion is expected each from state and city authorities. While Cuomo has already committed to sending the state funding, the Governor and Mayor Bill de Blasio have notoriously disagreed over who is responsible for paying for the subway’s state of disrepair. The capital plan faces a lengthy approval process, including an upcoming MTA Board review and a review by the Capital Program Review Board. A major portion of the funding, $15 billion, is expected to be generated from the newly approved, but yet to be implemented, congestion pricing in parts of Manhattan.
Looking forward to helping New York City and Governor @andrewcuomo complete the long anticipated, and partially built, Second Avenue Subway. Would be extended to East 125th Street in Harlem. Long in the making, they now have the team that can get it done!— Donald J. Trump (@realDonaldTrump) August 24, 2019