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Published on NYLCV - New York League of Conservation Voters (http://www.nylcv.org)

MTA Announces Congestion Pricing Is Key to $30 Billion Plan

By Michelle Subbiondo
Created 02/28/2008 - 2:35pm

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.



Source URL:
http://www.nylcv.org/ecopoliticsdaily/20080228_mta_announces_congestion_pricing_is_key_to_30_billion_plan