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NY Gov. Cuomo: It's Going to Cost $5 Billion To Repair the MTA, Post-Sandy

Monday, November 26, 2012 - 06:38 PM

On Monday, New York Governor Andrew Cuomo huddled with the state's congressional delegation to go over his federal disaster aid request. "This state has suffered mightily," he said. (Watch the press conference, above.)

As in $42 billion worth of mightily.

Howard Glaser, a senior policy advisor to the governor, broke that figure down at a press conference. The number to restore transit, roads, and bridges, was "very big," he said, and "the big piece there is the MTA."

Glaser said the damage to the transit agency totalled $4.8 billion. "That's damage to the tunnels, to the rail system, to the subway system. This amount of money, the 4.8 (billion), would just restore it to where it was before the storm," he said, adding that "the signal systems in many of the tunnels have to be completely replaced, for example, and that's a lot of money."

(To put that number in perspective, that's about a year's worth of the agency's capital budget.)

At a committee meeting earlier Monday, the MTA tallied up what it said was a "not exhaustive" list of damages -- including flooding to under-river tunnels, subway stations, and track washouts, but didn't include a cost breakdown.

Read New York State's breakdown of Hurricane Sandy recovery needs here.

 

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Comments [1]

Rob

Hmmm... Where have I heard a $5B price tag before? Oh yeah, the Tappan Zee Bridge boondoggle.

Governor Cuomo: Why not ask for a TIFIA loan for transit instead of a car-only bridge? Transit won't make climate change worse, and cause more Sandy's.

Nov. 27 2012 08:03 PM

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