Does It Cost?
In current dollars,
approximately $121 billion will be needed to maintain the
regionís transportation infrastructure over the next two
NYMTC forecasts that
approximately $97.6 billion will be needed over the next 20
years to simply maintain New York Cityís vast infrastructure.
This total includes approximately $15.7 billion for roadways,
$32.5 billion for bridges and $49.7 billion for transit.
The total forecasted
cost for maintaining Long Islandís infrastructure is
approximately $12.1 billion over the same period, including $1.9
billion for roadways, $1.6 billion for bridges and $8.6 billion
For the lower Hudson
Valley (Westchester, Rockland and Putnam counties), the total
long-range cost of infrastructure needs is $10.9 billion,
including approximately $1.1 billion for roadways, $2.0 billion
for bridges and $7.8 billion for transit.
In all, NYMTC forecasts
that our region can expect to receive $150 billion in current
dollars from federal, state and local resources over the next 20
Exective Summary, identified capital needs, 2005-2030)
NYMTC members are also
exploring projects related to improving and expanding the
transportation system and addressing issues of transportation
safety and security. There are a dozen major investment studies
currently underway within the region, each of which is
considering system expansion. These studies may recommend
projects that would require significant additional investments.
Other areas of focus include the expansion of Intelligent
Transportation Systems to make more efficient use of the
existing transportation network.