NYC public transit system needs $43B for capital repairs, upgrades over 5 years; includes modernizing signals, replacing subway cars, renovating historic structures like Grand Central Terminal.

New York City's public transit system requires an estimated $43 billion for capital repairs and upgrades over the next five years. This includes modernizing train signals, replacing ageing subway cars, and renovating historic structures like Grand Central Terminal's 110-year-old train shed. The Metropolitan Transportation Authority's next capital budget may exceed the current plan due to inflation. Critical upgrades to the transit system might be at risk due to delays in planned congestion tolls.

February 01, 2024
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