NYMTA Sets 2023 Budget, Major Projects

Written by Carolina Worrell, Senior Editor
Starting in 2023, the MTA says it is working to implement operating efficiencies yielding $100 million in savings in 2023 and rising to $416 million in savings by 2026.

Starting in 2023, the MTA says it is working to implement operating efficiencies yielding $100 million in savings in 2023 and rising to $416 million in savings by 2026.

The Metropolitan Transportation Authority (MTA) announced Dec. 21 that it has approved its 2023 budget and four-year financial plan; is taking action to reduce costs of capital projects, including Second Avenue Subway and the Long Island Rail Road (LIRR) Third Track; and is awarding a $382 million contract for the Metro-North Park Avenue Viaduct rehabilitation project.

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