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MTA Revises Spending Plan

Saturday, April 24, 2010

The MTA has trimmed $2 billion from its five-year capital spending plan. A state board rejected an earlier version of the plan last year, saying it didn't explain where all the money would come from. WNYC's Mattthew Schuerman has more.

REPORTER: The proposed capital plan outlines hundreds of projects that the MTA expects to get underway by the end of 2014: buying new subway cars, building a good stretch of the Second Avenue Subway, and instituting a new fare system that'll replace the MetroCard. MTA Chairman Jay Walder says the plan still addresses all the same basic needs, but at a lower cost. Four subway stations, for example, that were supposed to get top-to-bottom rehabs will now get partial renovations. The latest plan still leaves unanswered the question of how the MTA will find $10 billion dollars that it needs to pay for these projects. For WNYC, I'm Matthew Schuerman.

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