This is exciting news:
MTA FINALLY GETS ALBANY'S OK FOR $21B TRANSIT FIX
By KENNETH LOVETT Post Correspondent
July 14, 2005 -- ALBANY — State political leaders yesterday signed off on the largest capital program in MTA history, putting much-needed transit repairs and expansion projects like the Second Avenue subway back on track.
The $21.1 billion plan, approved by the four-member Capital Program Review Board, also includes $2.5 billion set aside for East Side Access, which would bring Long Island Rail Road trains into Grand Central Terminal, and create a rail link between Kennedy Airport and lower Manhattan.
The five-year plan includes $14.9 billion for transit repairs, including the purchase of new buses and subway cars, and another $495 million to beef-up security on the rails.
"The MTA will now be able to continue the progress it has made in revitalizing the region's transportation network," said the agency's chairman, Peter Kalikow.
The plan calls for the city to shell out $2 billion to extend the No. 7 line to the far West Side.
Another $1.45 billion earmarked in the plan hinges on passage of a $2.9 billion transportation bond act that will go before voters in November.
The capital program had been stalled for weeks over negotiations to require contractors using non-union workers on public-works projects to pay prevailing union wages.