New York City

MTA Capital Plan could create jobs, boost economy

January 24, 2025 Brooklyn Eagle Staff
The MTA logo is seen on the side of a New York City subway car. AP Photo/Mark Lennihan, File
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NEW YORK — THE MTA’S PROPOSED 2025-2029 Capital Plan, valued at $68.4 billion, is projected to generate $106 billion in economic activity and over 70,000 jobs statewide, according to an analysis by EY released Thursday.

The plan includes significant transit system upgrades, benefiting the city and state; more than half of the new jobs created would be within the city. Investments would include purchases of new rail and subway cars, buses, new signaling equipment and additional tracks from New York businesses, while implementation would rely on New York-based construction, engineering and professional services firms and workers, supporting both urban and statewide economic growth. Every $1 billion of MTA spending would, the report says, support nearly 5,900 New York jobs, half direct and the remainder through indirect or induced economic effects.

“It’s no secret the MTA is the economic engine of the region, and this report confirms once again that investing in transit is a smart play for all New Yorkers,” said MTA Chair and CEO Janno Lieber. “Now it just needs to be fully funded.”

The Partnership for New York City, which commissioned the report, urged state leaders to fully fund the initiative.

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