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NYS Approves MTA's Largest Ever Capital Funding Plan

ALBANY, NY—The program is part of Gov. Andrew Cuomo's multi-year, $100-billion investment initiative to repair, replace and modernize the state's infrastructure.

By John Jordan | johnjordan | Updated on May 25, 2016

New York Gov. Andrew Cuomo New York Gov. Andrew Cuomo

ALBANY, NY—New York State has agreed to provide the Metropolitan Transportation Authority with its largest capital-funding package in its history.

The state’s Capital Plan Review Board approved a $27-billion five-year capital program (2015-2019) that was part of the recently passed 2016 New York State budget. The MTA capital-funding plan is part of Gov. Andrew Cuomo‘s multi-year, $100-billion investment initiative to repair, replace and modernize the state’s infrastructure that received significant support from New York City and New York State business groups.

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