With Impending Arrival Of $6 Billion In Federal Aid, New York City’s Subway System Is Saved – CBS New York

NEW YORK (CBSNewYork) — The Metropolitan Transportation Authority is about to get a $6 billion infusion from Washington, in a one lump sum fee.

Sen. Chuck Schumer stated Wednesday the grant from the Federal Transit Administration is the biggest in its historical past, including with the cash the city’s subway system is saved.

“It permits the MTA to proceed on their capital plan, which implies cash for alerts so desperately wanted to make the trains run on time, and a continuation of the Second Avenue Subway and plenty of different points,” Schumer stated.

READ MORE: New Yorkers Sound Off: Why Go Ahead With Congestion Pricing When MTA Just Had $25 Billion Fall Into Its Lap?

Schumer stated the cash can even be used to assist the Long Island Rail Road and Metro North get better from losses in the course of the pandemic.

New Jersey senators Bob Menendez and Cory Booker, in the meantime, say NJ TRANSIT will obtain $1.6 billion in funding.