Problems with both NYCT system-wide subway and LIRR signals at Penn Station require decisive action today, not tommorow.
The MTA must reprogram the $695 million Metro North East Bronx Penn Station Access, the $1.7 billion Second Avenue Subway Phase 2, and the $1.9 billion LIRR Main Line Third Track to help fund upgrading NYCT Subway System Signals. This would provide well over $3 billion as a down payment against $20 billion needed to bring NYCT Subway System Signals up to a state of good repair.
All three canceled projects can be funded out of the next MTA Five-Year Capital Plan for 2020-2024. This still provides ample time for both Metro North East Bronx Penn Station Access and LIRR Main Line Third Track project completions to coincide with LIRR East Side Access to Grand Central Terminal by December 2023 or 2024.
Governor Andrew Cuomo also needs to come up with the…
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