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Investors - MAY 30, 2018

NYC unveils 10-year transit modernization plan

by Andrea Zander

Metropolitan Transportation Authority (MTA) New York City Transit president Andy Byford proposed a 10-year modernization of the city’s transportation systems.

The plan, called Fast Forward: The Plan to Modernize New York City Transit, focuses on four major priorities: agility and accountability; safety, security and resiliency; and customer service and communication.

It would consist of a new signal system installed on five subway lines; approximately 50 new subway stations made accessible and repairs made to 150; the addition of 650 new subway cars and more than 1,200 modified with communications-based train control; a citywide redesign of bus routes; 2,800 new buses and a new fare payment system. Within 10 years, the new signal system would encompass 11 subway lines; more than 130 stations would be accessible; a total of 300 stations would have undergone repairs, and New Yorkers’ daily commutes would be made easier by 2,100 new buses and more than 3,000 new subway cars.

The plan needs to be approved by MTA and New York Governor Andrew Cuomo.

To read more detail on the Fast Forward: The Plan to Modernize New York City Transit plan, click here.

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