Problems with both NYCT system-wide subway and LIRR signals at Penn Station require decisive action today, not tommorow.
The MTA must reprogram the $695 million Metro North East Bronx Penn Station Access, the $1.7 billion Second Avenue Subway Phase 2, and the $1.9 billion LIRR Main Line Third Track to help fund upgrading NYCT Subway System Signals. This would provide well over $3 billion as a down payment against $20 billion needed to bring NYCT Subway System Signals up to a state of good repair.
All three canceled projects can be funded out of the next MTA Five-Year Capital Plan for 2020-2024. This still provides ample time for both Metro North East Bronx Penn Station Access and LIRR Main Line Third Track project completions to coincide with LIRR East Side Access to Grand Central Terminal by December 2023 or 2024.
Governor Andrew Cuomo also needs to come up with the outstanding balance of $5.8 billion that he still owes toward the $8.3 billion shortfall to fully fund the $32 billion 2015-2019 MTA Five Year Capital Plan. The MTA can’t afford to wait until 2018 or 2019 for both $5.8 billion and additional $1 billion recently pledged by Cuomo in response to the ongoing subway and LIRR Penn Station crises.
In June 2016, the United States Department of Transportation Federal Transit Administration provided $432 million in Superstorm Sandy funding to the MTA for repairs to the East River Tunnel, including signal upgrades. As of today, no funds have been spent. The MTA and LIRR have yet to complete negotiations with Amtrak for initiation of this work.