MTA Board OKs Slimmed-Down $29B Capital Program

By Adam Sege (October 29, 2015, 4:48 PM EDT) -- New York's Metropolitan Transportation Authority will bring countdown clocks to a majority of subway stations and buy thousands of new buses, subway cars and train cars as part of a four-year, $29 billion capital improvement plan approved Wednesday, the agency announced.

Even after the MTA trimmed nearly 10 percent from its initial proposal, the 2015-19 Capital Program represents the largest investment ever in the New York metro area's transportation infrastructure, according to the agency. The MTA Board's vote comes after Chairman and CEO Thomas F. Prendergast, Gov. Andrew Cuomo and Mayor Bill de Blasio announced earlier this month they had reached an...

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