MTA Board approves record $68.4B spending plan, though electrification could be nixed without money

The 2025-29 capital budget concentrates on maintaining, rather than expanding, the MTA’s transit system, which the agency has said includes about $1.5 trillion in assets. But it does set aside funding for system expansion projects, including $2.75 billion to begin work on the Interborough Express — a light rail line linking Brooklyn and Queens with a connection to the Long Island Rail Road at East New York. It also has $800 million to study, and potentially begin work on, other expansion projects, including the possible electrification of the LIRR to Yaphank and capacity improvements on the Port Jefferson and Montauk lines.

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