USD 17 billion budget for New York transit systems

New York Metropolitan Transportation Authority (MTA) has approved a USD 17 billion 2020 budget and four-year financial plan, which includes the advancing of the Transformation Plan to dramatically improve service and deliver significant reforms.

The budget is also projecting to deliver USD 1.6 billion in savings over the course of the financial plan from the implementation of the transformation plan.

“The budget builds on the progress we have made in the past year with significant gains in on-time performance, increases in ridership and reductions in major delays across subways, Metro-North and Long Island Rail Road and demonstrates we are headed in the right direction. We have advanced a bold, transformative $54.8 billion Capital Plan, which will further improve service for our eight million daily customers,” MTA Chairman Patrick J. Foye said.

Recently, MTA has announced that 20 additional metro stations will be fully ADA accessible under the proposed USD 51.5 billion 2020-2024 Capital Plan, expanding mobility options for millions of customers across the city.

The new stations build on 48 additional accessible stations previously announced and are part of a total of 70 metro stations that will receive an unprecedented USD 5.2 billion investment in accessibility.

“This historic investment of $5.2 billion for accessibility in the next Capital Program will be life-changing for our customers,” MTA Chairman said.

The budget covers all MTA infrastructure and services, with more than 8,000 of weekday metro trains and 1,400 commuter rail running on the network comprising 736 rail and metro stations. The whole system, together with the bus services, serves more than 8,000,000 daily customers.

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