What the World Needs to Know About Subways in 2017
Posted On July 28, 2021
New York’s MTA has a new plan to improve the subways in the borough, one that will put it ahead of the rest of the nation.MTA Chairman Joseph D. DeGioia says the agency is working with private entities to come up with a new, streamlined, and cost-effective way to finance subway upgrades.
In addition to the subway expansion, the agency will soon invest in new cars to increase capacity.
And DeGioso is calling for a subway expansion that can be completed in five years.
“We have to start somewhere,” he said during a briefing with reporters in New York City on Monday.
“We have no choice.
We’re going to have to take the bold steps we need to take and do it now, and we need the support of our elected officials, as well as the business community to do it.”
DeGioias remarks were met with applause and applause, with many people in the audience saying they support the idea of a subway system that will be more efficient and more sustainable in the long run.
But there were also concerns that a subway could be a money-losing venture, and that New York could not afford to keep building the system for the next five years, when the MTA is expected to collect $1.8 billion in revenue.
DeGiosia says that MTA is investing in the subway, but the agency does not expect that all of the funding will come from the general fund.
That money will be divided up among various MTA programs.
For instance, the subway is expected that will generate about $800 million in revenue over five years for the agency.
The remainder will be used for other projects, including the construction of the new station at 59th Street and Broadway.
DeGsionis plan also calls for expanding the current subway system from three lines to five lines.
The plan also includes a new elevated train line, which will allow more people to ride the subway.