TITLE

After Rejection, New York's MTA To Revise, Resubmit Capital Plan

AUTHOR(S)
McDonald, Michael
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/27/2004, Vol. 350 Issue 32037, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on New York's Metropolitan Transportation Authority (MTA) which will have to submit a new, five-year capital program proposal to the state. Assemblywoman Catherine Nolan sent a letter to Transportation Commissioner Joseph Boardman announcing that she was rejecting the $27.7 billion capital program that the MTA submitted to the state's Capital Program Review Board in September 2004. The plan contained a funding gap of between $12 billion and $16 billion. The MTA submitted a $27.7 billion capital plan for 2005 through 2009 to the Capital Program Review Board in September that proposed spending $17.2 billion on the existing public transportation network in the New York City metropolitan area.
ACCESSION #
15476440

 

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