Real Money for Transportation ?>

Real Money for Transportation

“A billion here, a billion there, pretty soon, you’re talking real money.”

Everett Dirksen R-IL (1896 – 1969)

May was the month for capital budgets – capital, as in capital punishment.  New York area transportation agencies lined up to spend a bunch of money not of them has.

MTA — $27 billion

NY Governor Andrew Cuomo approved the five year plan for New York buses and subways.

PANYNJ — $28 billion

The Port Authority of New York and New Jersey is mulling a $28 billion plan for the next ten years.  That leaves out the really big project, a complete renovation of LaGuardia Airport.

NJTransit — $2 billion

New Jersey Transit has a capital budget of $2 billion, but only for next year.

Gateway Project — $20 billion

The ARC Tunnel projects was stopped after all the environmental reviews were complete.  Its replacement, the Gateway Project, needs all new paperwork, a couple of years, and $70 million to write.  That’s OK, because Congress hasn’t allocated any money to actually build it.  The last estimate is $20 billion.  It looks cheap by comparison.

Leave a Reply