New York City transit agency’s needs at $42 billion: Report

(The Center Square) — New York City’s public transit system needs $42 billion in repairs over the next several years, according to a report by the state’s top bean encounter.

report issued by state Comptroller Tom DiNapoli said a review of the Metropolitan Transportation Authority’s 20-Year Needs Assessment found that over the next five years, the agency needs at least $43 billion to bring its system of buses, subway cars and commuter rail trains into a state of good repair. 

DiNapoli said the projected costs come from significant needs within the MTA’s subway system, including the modernization of track signals and the purchase of new subway cars. 

“The list of repairs and upgrades needed in our regional transit systems can seem endless, but funds are limited,” he said in a statement. “As the MTA prepares its next capital plan and sets priorities for work, it should remain focused
Read more…

Please follow and like us: