Governor Hochul Announces MTA Record Capital Commitments in 2025

NEW YORK –– Governor Kathy Hochul last week announed that the Metropolitan Transportation Authority (MTA) made a record amount of capital commitments in 2025.

MTA made a record commitment of $15.8 billion, marking the largest single-year investment in transit infrastructure in the agency’s history. The Governor’s office said “the commitments advance critical accessibility upgrades, state-of-good-repair work, and major megaprojects across the system, including more than $5 billion made possible through Congestion Relief funding. Projects advanced also included the first round of investments made possible by the MTA’s historic 2025-2029 Capital Plan, which was fully funded by Governor Hochul and the state legislature in the FY26 Enacted State Budget.”

Governor Hochul said “New York is investing in transit like never before, with record levels of investment being made to upgrade our existing system and to bring better transit to more communities. The historic year for capital investments at the MTA –– including $5 billion in projects made possible by congestion pricing –– will improve the commutes of millions of New Yorkers and will ensure that this lifeblood of the entire region is able to deliver for riders for years to come.”

MTA Chair and CEO Janno Lieber said, “This record year of commitments cements C&D’s status as a top-tier infrastructure developer. New Yorkers want to know where congestion relief revenues are going — the answer is right back into the transit system with new train cars, modern signals and more ADA elevators. Thank you, Governor Hochul!”  

Specific projects include:

• Signal improvements: $2 billion
• Rolling Stock: $6.6 billion
• Expansion: $2.7 billion
• Accessibility: $500 million
• Bus upgrades: $500 million
• State-Of-Good-Repair & other program support: $3.4 billion

The Governor’s Office added “The MTA also awarded a significant $166 million contract for engineering and design of the Interborough Express last August, which advanced the project from planning to active phase. The MTA’s 2025-2029 Capital Plan includes $2.75 billion for this transformative transit expansion project between Brooklyn and Queens.”  

Congestion pricing funding has advamced major projects, including:

• Second Avenue Subway Phase 2 Contract 2 for tunneling. This major expansion is advancing on time and on budget.
• Signal Modernization on the Fulton & Liberty AC lines in Brooklyn and Queens. Thanks to a new delivery approach, this project is 33 percent cheaper on a per-mile basis than prior signal modernization projects.
• Accessibility upgrades at 7 stations, including the Bryant Park Complex on the BDFM7 trains. These accessibility projects came in 6 percent below engineering estimates.

“In addition, 2025 saw progress on the MTA’s new 2025-2029 Capital Plan. This includes new contracts for over 300 new train cars on the Long Island Rail Road and the exercise of an option to purchase 270 additional electric buses for the NYC Transit bus fleet.” 

For more information, please see the Governor’s office press release here.