Transit projects ranging from a $7.7-billion subway line extension to station accessibility improvements are on hold with the pause of program which was expected to generate $15 billion.
New York Gov. Kathy Hochul said she was indefinitely pausing implementation of congestion pricing tolls for Manhattan because of the potential for “unintended consequences.”
Projects coming online as soon as 2025 can qualify for credits, including some using traditional fossil fuels, with additional amounts added for factors including prevailing wages, apprenticeship, domestic content, and energy community location.