MTA Ready to Drop $50 Billion on Metro North Improvements
If you're a commuter, this sounds almost too amazing to be true.
The MTA has finally given into rider's complaints and admitted they have some serious issues with their entire infrastructure. Their plan is to invest $51.8 billion into their subways, railways, and buses over the next five years.
What exactly will that ton of cash be earmarked for? According to the Danbury Daily Voice, $40 million will be spent right off the top on New York City Transit's buses and subways alone, along with crucial signal upgrades.
How will the improvements benefit MTA customers? MTA chairman and CEO, Patrick Foye says they will see expanded service, increased reliability, and the "world's largest-ever investment in accessibility for both the NYC Transit and commuter railroads.
The MTA is also investing $4.7 billion for Metro-North's Penn Station Access Plan which includes building four new train stations in the Bronx along with upgrading Grand-Central.