MTA unveils $68.4 billion capital plan to modernize NYC transit – but funding questions amid congestion pricing pause remain

The MTA released details of a $68.4 billion capital plan for 2025-2029 — even though how much of that plan will be paid for remains up in the air with Gov. Kathy Hochul’s ongoing pause of congestion pricing.

The plan, which represents a significant increase on the $54.8 billion capital plan for 2020-2024, proposes introducing a huge number of new railcars across the subway and commuter rail systems. It also aims to build at least 60 subway stations and six commuter rail stations, propose significant investment in signal modernization and fare gates, offer $9 billion in critical structure repairs, and offer another nearly $8 billion in station environment improvements.