The New York Metropolitan Transportation Authority’s board of directors this month approved a record-setting $51.5-billion five-year capital plan that will also include an unprecedented level of alternative project delivery methods, according to officials. The MTA’s 2020-2024 plan, increasing infrastructure investment by 70%, will address the region’s subways, buses and railroads, extend the Second Avenue Subway, and upgrade signal systems.
The board approved the capital plan Jan. 1, just one day after Gov. Andrew Cuomo (D) signed into law the New York City Public Works Investment Act, allowing agencies like the MTA to use design-build on projects over $10 million and operating under project labor agreements.