MTA will ask its board to approve $ 51.5 billion in capital expenditure next week. The 2020-2024 master plan requires new signals on six lines, new lifts on 70 stations, 1,900 new subways, 2,400 new buses and the second phase of the 2nd Avenue subway, which includes three stations to Harlem .
The capital plan is heavily weighted toward New York City Transit, with $ 37.3 billion for the city's subway and buses, and contains many of the ideas Transit President Andy Byford wanted for his Fast Forward plan. The 2015-2019 capital plan allocated $ 16.7 billion in subway and bus expenses, out of a total of $ 29 billion.
"I'm ecstatically happy," Byford said Monday. "This can't be better, this plan exceeds my wildest expectations." According to MTA chairman Pat Foye, Byford even said this plan is better than Plymouth Argyle winning the Premier League (Byford's favorite football team, which does not come close to qualifying for the Premier League.
The plan includes funding for modern communications based train control (CBTC) signals, such as the signals on the L and 7. The first line MTA will focus on is Lexington Avenue 4, 5, 6. Other lines expected to receive new signals are A, C, E, , G, F, N, and W lines.
The MTA does not know if it will need to close lines for extended periods or if it can make it work on nights and weekends as it does now (largely) with The L train, in fact, won't even say when it hopes the signals are completed. Janno Lieber, chief of Capital Construction, said "I don't like participating in the guarantee language.
The plan requires $ 5.2 billion to be spent on 65 new escalators and 78 new elevators, a significant increase in the latest capital an, which allocated $ 1[ads1].3 billion to 28 accessibility upgrades. Byford had asked to install 50 lifts systematically, which would ensure that cyclists are never more than two stops away from an accessible station. Right now, 24 percent of the stations are available.
While the MTA expects the largest source of funding for the plan, $ 15 billion, to come from congestion rates (Central Business District Tolling as it is now called), it may be the kind of long-standing policy between the governor and the city we looked at funding for half of the Subway action plan. The new capital plan expects $ 3 billion in funding from the city, explicitly to fund the elevator program. Chairman Pat Foye says Governor Cuomo has pledged to fund the state portion, but it is still pending approval by the legislature.
“The Senate Leader, Assembly Leader and Mayor of New York City must approve the plan to move forward when Governor Cuomo said in a statement after the plan was released to the public.
Foye said he met with representatives from the city on Monday to discuss the capital plan, but would not specify exactly who he is meeting.
The Long Island Railroad is expected to receive $ 5.7 billion in expenses for 160 new cars, and more expenses for Third Track, another rail line along Main LIne. It also expects to make 97 percent of the stations available, currently 90 percent available. Metro North will also receive $ 4.7 billion in spending, with much of it devoted to the new stations in the Bronx.
The plan includes $ 4.55 billion for the second phase of the 2nd Ave. subway, which includes a further three stations and extends to 125th Street in Harlem. The total cost of the project, with the federal government raising half of the cost, is expected to reach $ 6.2 billion.
Asked why the public should rely on the MTA to deliver some of these projects on time and on budget, especially the 2nd Ave Subway, which was the subject of an extensive Times story dubbed "The Expensive Mile" by T- the Earth Tunnel, blamed the MTA for nothing targeted in the article and associated high costs of complying with strict fire codes that require "Vertical Circulation to Get People Out" in an emergency.
"We are already demonstrating that we can control the cost of shortening project time, by delivering fewer change orders, paying contractors faster – we are already demonstrating that we can and will build projects faster, better and cheaper, and I am convinced that t "The 2nd Avenue lane will prove it," said MTA's Chief of Capital Construction Janno Lieber on Monday.
The Riders Alliance praised Square N as a "big step in the right direction," but urged elected officials to come fully behind. will have to lay out a detailed timeline for the work and manage his MTA to stay on time and on budget, and the Governor must also find the funding required to do the entire job without taking shortcuts or forcing the MTA into more debt. to fund these much needed transit repairs, and to ensure that the capital plan is fully monitored and approved and that the MTA is accountable to the public one for the money we invest, "John Raskin, CEO Director of Rider's Alliance, said in a statement.
While the latest capital plan is neither funded nor completed, the new deadline for completing these projects is not. Chairman Foye said the MTA is on track to complete the current capital plan by the end of the year; 75 percent of it is funded. He expects this plan to be fully funded by 2024.
The total cost of the capital plan will be $ 54.8 billion if you include Bridges and Tunnels, although these costs are not included because the division pays for its work through tolls . The main focus for bridges and tunnels will be to install toll systems for the impending congestion price, which has not yet been selected. It also plans upgrades to the Verrazano Bridge for $ 1 billion, including ramps for new approaches and some section expansion.
Oh, and there's also a forensic audit of how the MTA spends money and the economy that was needed as part of the overcharge price bill, so everything you've just read can change depending on the findings of that audit. It is expected to be released by the end of 2019.