MTA's Biggest Projects Over Budget and Behind Schedule

The Metropolitan Transportation Authority has been drawing negative headlines and scrutiny because of recent performance problems, including last Thursday's evening rush hour power failure and last December's fatal derailment. But that's not all. Some of the MTA's biggest projects are way over budget and behind schedule.

The MTA's East Side Access project was supposed to be completed in 2009 and cost $4.3 billion, but now it won't be done until at least 2021 and its' costs have skyrocketed to more than $10 billion.

"Chairman Prendergast compared all the mining and excavation alone to the Panama Canal," O'Grady said. "It is the largest infrastructure project in North America."