The Metropolitan Transit Authority [1] released its $29.6 billion five-year capital plan, on Wednesday, at the request of the State Legislature who requested it a year earlier than expected in order to consider the new congestion pricing plan before them.
According to The Journal News [2] , the MTA's plan is contingent upon the projected $4.5 billion that would be raised by congestion pricing. The plan includes the purchase of buses, subway cars and trains, and the renovation of several stations including a complete overhaul of the Tarrytown train station. It also includes a project bringing the Long Island Railroad to a station to be built at Grand Central Terminal. However, the MTA has announced this project will cost more and take longer than previously estimated. This announcement, coupled with the $9 billion the agency has yet to account for, has caused many to attack the plan.
The MTA board is expected to vote on a final capital plan at the end of March.