Transit Authority to Spend $32B on Aging Infrastructure

MTA wants to spend $32B to repair aging system struggling to meet its record ridership

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By Dan Rivoli

New York Daily News

MTA chairman Thomas Prendergast likes to say that he took the job to run New York’s massive transit agency for the money.

Not the nearly $360,000 in salary he got in 2013, however — the money the Metropolitan Transportation Authority will get and desperately needs to improve transit.

Over the next five years, the MTA wants to spend $32 billion to repair an aging system that is struggling to meet a record ridership of 6 million passengers on an average day in the subway alone.

The money would let the MTA upgrade rails and cars, boost subway capacity and expand the system that serves a growing region.

Read full coverage here.