MTA President Demetrius Critchlow emphasizes the necessity of the agency's $68.4 billion five-year capital plan, crucial for maintaining New York's subway and bus systems. With a $33 billion funding gap identified, state lawmakers have responded cautiously. Critchlow believes the need for funds is undisputed, highlighting that 90% of the plan focuses on essential repairs for aging infrastructure. The upcoming state budget negotiations before the April 1 deadline are pivotal for securing the necessary financing to stabilize and improve NYC's transit system.
"What I've noticed is that no one is saying that we don't need the work to be done... but this is a $1.5 trillion asset we're trying to maintain."
"There’s a whole discussion about how we fund the work... 90% of the plan is tied to the state of good repair work that will see the MTA invest in assets that have been here for a very long time."
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