[RailTransportation] TRANSPORTATION: SUBWAY : COUNTRIES: UNITED STATES: CITIES: NEW YORK, NEW YORK : POPULATION: GROWTH : DEMOGRAPHICS: M.T.A. Spending Plan Restores Funding for 2nd Ave. Subway

 

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TRANSPORTATION: SUBWAY :

COUNTRIES: UNITED STATES: CITIES: NEW YORK, NEW YORK :

POPULATION: GROWTH :

DEMOGRAPHICS:

M.T.A. Spending Plan Restores Funding for 2nd Ave. Subway

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M.T.A. Spending Plan Restores Funding for 2nd Ave. Subway

By EMMA G. FITZSIMMONS

APRIL 20, 2016

New York Times

http://www.nytimes.com/2016/04/21/ nyregion/mta-spending-plan-restores-funding-for-2nd-ave-subway.html

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A shorter URL for the above link:

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http://tinyurl.com/gos82zt

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The Metropolitan Transportation Authoritys board approved a new version of its long-delayed capital plan on Wednesday, allocating money for system upgrades and expansion projects and restoring funding for the next phase of the Second Avenue subway line.

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The $29.5 billion spending plan calls for hundreds of new train cars and buses and a new fare-payment system to replace the MetroCard. With ridership booming on New York Citys aging subway system, the authority also devoted funding for station improvements and updated signal systems to allow more trains to operate.

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The agency promised $1 billion for plans to extend the Second Avenue subway to East Harlem  about $500 million more than an earlier proposal set aside. About $2.5 billion would be devoted to the East Side Access project, which would connect the Long Island Rail Road to Grand Central Terminal.

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Thomas F. Prendergast, the authoritys chairman, said he was confident that a state review board would approve the revised proposal in the next month. The capital plan will modernize the regions vast transportation network and make sure that it is safe and reliable, he said.

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This is a monumental win for the people of New York, Mr. Prendergast said at a board meeting in Lower Manhattan.

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But even as board members praised the proposal, they questioned how the state and city would pay their share. Last year, Gov. Andrew M. Cuomo and Mayor Bill de Blasio, both Democrats, reached a funding deal only after months of quarreling over whether the city should pay more.

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The state agreed to pay $8.3 billion toward the capital plan over five years, and the city agreed to pay $2.5 billion over the same period. The rest is expected to be paid for by the federal government and other sources.

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The complete article may be read at the URL above.

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[RailTransportation] TRANSPORTATION: SUBWAY : COUNTRIES: UNITED STATES: CITIES: NEW YORK, NEW YORK : POPULATION: GROWTH : DEMOGRAPHICS: M.T.A. Spending Plan Restores Funding for 2nd Ave. Subway

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