MTA Could Receive $10.7B In Funding Under Infrastructure Bill

NEW YORK CITY — The MTA stands to gain $10.7 billion under a bipartisan infrastructure bill worked out in the Senate this week — a large slice of the $550 billion in funding that Congress will consider.

The proposed funding would allow for projects such as the Second Avenue subway's extension into Harlem and the addition of four Metro-North stations in the Bronx, Ken Lovett, senior advisor to MTA's chair and CEO, said in a statement.

It would help pay for the MTA's 2020-24 capital plan, Lovett said, which calls for almost $55 billion of investments into the greater New York City area's subway, bus and railroad systems.

"The agreement reached by the White House and members of the U.S. Senate on the Bipartisan Infrastructure Framework is the critical next step toward securing unprecedented and long-needed levels of federal investment in public transportation," Lovett said.

Sen. Chuck Schumer said in a statement that the deal would allow for "massive investments" in New York infrastructure.

"From clean drinking water to upgraded sewer to repairing bridges and subway tunnels, there is more work to be done," Schumer said. "But billions are on the way to move on it, create good jobs and advance critical projects."

The bill must pass the Senate — which voted on Wednesday to take it up — and the House before President Joe Biden can sign it into law. Its allocation of $550 billion is less than the Biden administration's original proposal of $2.6 trillion.