MTA Capital Program 2010-2014 Earth Day 2010 Executive Summary Full Proposed MTA Capital Program 2010-2014 Press Release The MTA's capital program has earned a critical place in the story of New York's revitalization and growth over the past 30 years. While the more than $64 billion spent in that time helped turn around our regional economy, the reality is that maintaining and improving our 100-year-old system is an ongoing need and we cannot afford to disinvest. But we have an additional reality - the State's economic crisis has required the MTA to look at its entire operation through a new lens. The revised 2010-2014 Capital Program reflects the current economic situation and introduces a new way of doing business. Every project included in the program has been thoroughly reviewed to ensure that it is critical and will be continually reviewed to monitor progress and identify further cost savings. This review has helped cut nearly $2 billion from the cost of the program. The result is a $26.3 billion five-year program that provides enormous benefit to our customers and thousands of jobs to New York State at a critical time. Protecting and Improving Service for Customers While much of the capital program work is done behind the scenes, every investment helps the MTA provide a good service to our customers 365 days a year. Every project in the capital program will benefit customers in one of three ways: * Maintain the high levels of service reliability and safety provided today: That means repairing trains, buses and subway cars, and replacing them when their useful life ends. It means maintaining the track, signals, yards, depots and bridges that keep our customers safe and on time. And it means addressing components in our stations in need of repair. * Improve service on the existing system: The Capital Program also includes projects that maximize the capacity of the existing system and advance customer improvements. o New signal technology (Communications Based Train Control) on the #7 subway line will let us run a train nearly every two minutes, carrying about 2500 more customers each rush hour on this crowded line. o The MTA's bus divisions will purchase 674 articulated buses, 118 of which will be used to increase capacity along four Select Bus Service (SBS) corridors developed in partnership with the City of New York. o Several projects develop and test new technology to improve the customer experience, from train arrival signs to all-electronic tolling and camera enforcement of bus lanes. One of the key initiatives in the capital program is the introduction of a new smart card fare collection system that will make travel easier across the region. * Complete critical expansion projects to ease crowding and support growth: The final group of projects in the capital program expands the MTA's transportation network for the first time in more than a generation. This program fulfills our commitment to completing East Side Access and the Second Avenue Subway, long overdue projects to reduce commute times and ease the crushing overcrowding on the Lexington Avenue subway. The program also includes $250 million to continue improving the security of our transportation network in a post-9/11 world, working directly with the MTA PD, NYPD and other local and federal law enforcement agencies. Economic Benefits for New York The MTA's 2010-2014 Capital Program will create vital economic activity: * More than 20,000 new jobs annually over nine years * Nearly $37 billion in economic activity Companies across the state play a role building rolling stock, supplying parts or rebuilding infrastructure and working on new facilities. These projects provide jobs in communities from Buffalo to Albany to Plattsburgh and many places in between. Follow Our Progress Soon our web site will for the first time feature a user-friendly, interactive system to let the public track our progress. Projects will be color coded - green for those that meet their goals and red for targets that are not being met. This information will be available for each project in the 2010-2014 Capital Plan and select projects still underway in the 2005-2009 Program. The MTA board had approved the revised 2010-2014 Capital Program for submission and was deemed approved by the CPRB on June 2nd in Albany.