The New York City Metropolitan Transportation Authority on Sept. 18 provided some clarity on its transit investment plan through 2029—with major funding sources still to be identified for it—and for current five-year spending as well, following an “indefinite pause” in June by New York Gov. Kathy Hochul of a congestion pricing program that was set to provide key funds.
MTA Construction & Development President Jamie Torres-Springer acknowledged the “elephant in the room” at the ENR NY/NJ Infrastructure Forum in Manhattan two days earlier, telling attendees the agency was taking the governor “at her word” that about $15 billion in funding set for the 2020-2024 capital plan “will be restored in due time,” whether through congestion pricing or “some other means.”
