“The new MTA is deploying a wide range of innovative strategies to complete projects on time and under budget,” said MTA Chair and CEO Janno Lieber. “We’re modernizing the MTA system and preparing for the future while delivering record on-time performance for our customers.” 

C&D was created in December 2019 to deliver the MTA’s Capital Program more efficiently and has since identified more than $4.2 billion in savings thanks to improvements in planning, contracting, delivery and management. The agency’s work has generated tangible improvements for riders. 

Some of the highlights of MTA’s capital investments in 2025 included investments across the transit system to improve reliability and accessibility, along with targeted investments in system expansion.

• Signal improvements: $2 billion
• Rolling Stock: $6.6 billion
• Expansion: $2.7 billion
• Accessibility: $500 million
• Bus upgrades: $500 million
• State-of-good repair and other program support: $3.4 billion

The MTA also awarded a significant $166 million contract for engineering and design of the Interborough Express last August, which advanced the project from planning to active phase. The MTA’s 2025-2029 Capital Plan includes $2.75 billion for this transformative transit expansion project between Brooklyn and Queens.

Signal Modernization: Costs Cut by 33% Per Mile – While prior signal projects averaged $48 million per mile, C&D cut costs by 33% on the Fulton Line, advancing modernization faster and more efficiently than ever before.    

OMNY Tap-and-Ride Fare Payment: Completed $60 Million Under Budget – C&D built out the technology so riders can tap to pay, installed 980 new OMNY vending machines in all 472 subway stations and removed the old MetroCard vending machines.   

Elevator Upgrades: Doubled the Previous Record Two Months Faster on Average – C&D replaced 41 elevators in 2025 and made 10 new stations ADA accessible. Since 2020, C&D has made 56 stations ADA accessible, delivering more ADA stations in the last five years than in the previous 10 years combined.   

Critical Metro-North improvements: 51 Months Ahead of Schedule and $93 Million Under Budget – Crews installed 128 bridges and installed and replaced more than 8,200 feet of track on the Park Avenue Viaduct—a 130-year-old structure carrying 98% of Metro-North riders. No passenger service was disrupted.     

Looking forward, C&D’s strategic plan lays the groundwork for more major improvements to the MTA system: strengthening climate resilience, envisioning more modern stations and setting the stage for future expansion projects like the 125 St. subway and the Interborough Express.

The report also detailed progress on some of the MTA’s major capital projects.

Penn Station Access – Since the 1930s, trains have been passing through East Bronx neighborhoods without stopping. The Penn Station Access project will add four new stations in the East Bronx, serving 30,000 daily riders, and will now allow Metro North’s New Haven Line to reach Penn Station. To accommodate service, C&D will rebuild and upgrade dilapidated infrastructure, bringing new signal, power, and communication systems, in addition to building a new track. After delays predominantly due to Amtrak, C&D Metro-North Railroad to develop a plan that allows limited service to commence in 2027 while construction on the full project is completed. Parkchester/Van Nest station is already under construction, and temporary stations at Co-op City and Morris Park will be built beginning in 2026.

Second Avenue Subway Phase 2 – With funding following the start of Congestion Relief, C&D has advanced the first two procurements for the Second Avenue Subway (SAS) Phase 2. In August, the MTA Board approved the award of the tunnel-boring contract, where we will use a state-of-the-art, 1.5-million-pound tunnel-boring machine to bore a new tunnel from 120 St to 125 St. 

Park Avenue Viaduct – The Viaduct—a 130-year-old structure carrying 98% of Metro-North riders—hit a major milestone in September 2025 with the completion of Phase 1, covering the portion of the structure between East 115 St and East 123 St. This included installing 128 bridges and replacing more than 8,200 track feet—all without disrupting Metro-North service. Phase 1 work was completed 21 months ahead of the planned schedule, putting the overall project on track for completion 51 months ahead of schedule and $93 million under the initial budget.