The Metropolitan Transportation Authority said it needs $105.7 billion worth of improvements over the next two decades, The Journal News/lohud.com reports.
The largest share of the money for the MTA — $68.2 billion — would go to New York City subways and buses, according to the report, which was released this week. The system serves New York City and the surrounding counties, including Westchester, Rockland and Putnam.
Metro-North Railroad would receive $8.9 billion. Of that, $2.3 billion would pay for rail and structure improvements, including a third track between the Crestwood and North White Plains train stations, and track improvements in Rockland. Another $2 billion would go toward the continued replacement of aging trains. The rest of the Metro-North money would be spent on work at train stations, parking, communications systems, signals, power supply, shops and yards, and miscellaneous projects.
Grand Central Terminal would undergo $611 million worth of generally behind-the-scenes work. The balance of the funding would go to Long Island Rail Road, MTA bridges and tunnels, the MTA police and another bus company that serves mainly Brooklyn, Queens and the Bronx.
MTA funding comes from tolls, fares, a small portion of the sales tax, petroleum business tax, certain New York City real estate transfer taxes and a payroll tax, according to the Tri-State Transportation Campaign (see chart). The state and New York City also provide direct aid. The MTA spends about $11 billion a year to operate the system and about $5 billion to maintain and improve it, the group said.