PROACTIVE MOBILITY PLANNING A DYNAMIC FUTURE


METROPOLITAN TRANSPORTATION AUTHORITY 2025 – 2029 CAPITAL PLAN


In September 2024, the MTA Board approved the proposed 2025-2029 Capital Plan, outlining a $68.4 billion investment in the region’s subways, buses, railroads, bridges, and tunnels over the next five years to ensure New Yorkers continue to have access to reliable, accessi- ble, and sustainable transit. The plan targets investments to rebuild, improve, and expand the MTA system, provide frequent and reliable service by putting the system on a path to state of good repair, including investments in railcars, power, and signals. The plan will also improve the customer experience, with investments in accessibility, stations, and modern fare gates, in addition to taking action on climate change, resiliency, and sustainability ini- tiatives. The approved plan was submitted to the Capital Program Review Board (CPRB) in October 2024.


“This Capital Plan was developed by the most comprehensive analysis the MTA has ever undertaken to truly understand the needs of the system, the challenges and opportunities,” said MTA Chair and CEO Janno Lieber. “After years of underinvestment, more than 90% of this proposed plan – the largest in MTA history – focuses on bringing the system to a state of good repair. These investments are necessary to serve the following generations and the future of the region’s economy, environment, and social and economic equity.”


The MTA will host a series of open houses around the New York region and a public edu- cation campaign to inform and engage New Yorkers on the capital plan. The MTA will also work with partners in local, State, and Federal government to ensure that the proposed cap- ital plan is fully funded.


NYMTC | ANNUAL REPORT 2024 24


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