New York City’s transit system is seeking to invest $65.4 billion over the next five years to purchase thousands of rail cars, upgrade power substations and renovate the Grand Central Terminal trainshed.

The Metropolitan Transportation Authority (MTA) has released its proposed 2025-2029 Capital Plan, which proposes spending $68.4 billion on capital projects

New York City’s transit system is seeking to invest $65.4 billion over the next five years to purchase thousands of rail cars, upgrade power substations, renovate the Grand Central Terminal trainshed and fortify stations and tracks against extreme weather.

The MTA's $68.4B capital plan includes $6B for Metro-North to replace aging railcars and harden track to withstand extreme weather events

The plan promises to keep the city's subways, railroads and buses from falling into disrepair, but transit officials said they need Gov. Kathy Hochul and other lawmakers to figure out how to pay for more than half of the work.