The MTA needs billions of dollars to address problems such as climate change and its aging infrastructure over the next 20 years, before even thinking about expanding the system, the agency wrote in its “20-year needs assessment” released Wednesday.
The agency did not attach a specific dollar value to its capital needs over the next two decades, but the scale of funds needed to shore up the authority’s infrastructure would require massive amounts of public investment. The MTA manages physical assets it estimates to be worth $1.5 trillion, including stations, tracks, trains, buses, and support systems.
