MTA Unveils $68.4 Billion Capital Plan to Transform NYC Transit System

The Metropolitan Transportation Authority (MTA) unveiled its proposed 2025-2029 capital plan, a $68.4 billion overhaul aimed at improving New York’s transit infrastructure on Thursday, September 19th. MTA Chair Janno Lieber expressed confidence that the agency would secure the necessary funding to execute the plan, which will prioritize system upgrades, new railcars, station accessibility, and modernized fare systems. This ambitious initiative marks a significant increase from the previous $54.8 billion plan.

The plan includes purchasing 2,000 new railcars, modernizing 60 subway stations to meet ADA compliance, and updating outdated power systems. “After years of underinvestment, more than 90% of this proposed plan focuses on bringing the system to a state of good repair,” said Lieber. He emphasized the necessity of this investment for future generations and the region’s economic and environmental stability. The MTA’s 20-Year Needs Assessment also highlighted the growing demand for repairs across bridges, tunnels, and subway structures.

The $68.4 billion plan leaves a funding gap of approximately $33 billion, which the MTA aims to cover through federal and state bonds. Governor Kathy Hochul, in a statement, pledged to advocate for additional federal infrastructure dollars and work with city and state partners to secure funding. “I am committed to making sure the MTA has the resources it needs. We need a reliable, accessible, and sustainable transit system for all New Yorkers,” Hochul said.

State Senate Majority Leader Andrea Stewart-Cousins also weighed in, noting, “This plan addresses critical transit infrastructure needs that will improve service reliability and accessibility for millions of New Yorkers.” Assembly Speaker Carl Heastie praised the plan, stating, “This comprehensive investment ensures that New York’s transit system remains the backbone of our state’s economy.”

While the MTA has received positive feedback, some advocacy groups have voiced concerns. Riders Alliance, a transit advocacy group, criticized the delay in implementing congestion pricing, which initially left a $15 billion funding gap in the previous plan. They called on Governor Hochul to “flip the switch now” and prioritize reliable trains and accessible stations.

The MTA board will review the plan on September 25th, and the State Capital Program Review Board will begin deliberations in October.