The MTA board approved the agency's ambitious $51 billion capital plan Wednesday amid questions about funding and deadlines and the agency not having enough money to pay for it all.
Under the plan:
- Six subway lines will be re-signaled to run more trains
- More than 1,900 new subway cars will be purchased
- Two thousand buses will be replaced
- Seventy more stations will get elevators
- The Second Avenue subway will be extended to 125th Street from 96th Street, linking it to the Metro-North Railroad.
New taxes are expected to provide $25 billion. That figure includes revenue from congestion pricing.
The state is pledging $3 billion, and wants New York City to do the same.
The MTA is also banking on more than $10 billion from the federal government.
Gov. Andrew Cuomo released a statement, saying, in part, "After generations of the MTA being underfunded and mismanaged (the state's investment) is necessary and will pay dividends for the future of the system."
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