New York City’s public transportation system will need an estimated $43 billion for capital repairs during the next five years, according to a new analysis by the state’s comptroller.
Thomas DiNapoli’s projection comes as the Metropolitan Transportation Authority, which operates the city’s subways, buses and commuter rail lines, is putting together its multi-year capital budget for 2025 through 2029 that is set to be released in September. The MTA’s current $51.5 billion capital budget — its largest ever — directs 80%, or about $41 billion, to state-of-good-repair work.