Earlier today, the MTA Board held its monthly meeting & the biggest news to come from it was the approval of the $26.3 billion 2010 – 2014 Capital Construction Plan. The plan which made news 5 days ago when the MTA announced it came up with $2B in savings will now be sent to Albany for approval. NY1 had more in this brief report:
The Metropolitan Transportation Authority board voted today to send its Capital Construction Plan to Albany for final approval.
The $26.3 billion five-year program goes from 2010-2014 and is separate from the operating budget.
It includes plans for new subway cars, station improvements, new signals on the Number 7 subway line, new environmentally-friendly buses and larger-scale projects including the Second Avenue subway line and the East Side access for the Long Island Rail Road.
The first two years of the plan are already paid for, but the last three, which totals $10 billion, is not. As a result, MTA officials say there is still work to be done to secure those resources.
Click here for the complete report.
xoxo Transit Blogger