Rep. Maloney hails Federal transit funding: $197 million for 2nd Avenue Subway, $215 million for East Side Access
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) applauded the announcement of Federal Transit Administration funding for the two major New York City transit projects today. $197 million in funding for the 2nd Avenue Subway and $215 million for the East Side Access project -linking the LIRR to Grand Central Terminal- will be coming to the Metropolitan Transit Authority as part of the Full Funding Grant Agreements governing both projects.
In May, Maloney called on Federal Transit Administrator Peter Rogoff to preserve the funding originally proposed for the nation’s two largest New Starts projects - the Second Avenue Subway and East Side Access, calling them “vital to the New York City region's $1.26 trillion economy, the second-largest regional economy in the world.”.
“These funds will help keep these projects ‘on track’ and going forward. I’m proud to have worked with my colleagues in the New York delegation to help secure this round of funding for these vital projects,” Rep. Maloney said. “And the funding couldn’t arrive at a better time; these projects have created thousands of construction jobs directly and will help create thousands more when they’re functioning—because mass transit is the lifeblood of New York.”
In 2009, Maloney issued a report outlining the jobs and other economic benefits created by the construction of the Second Avenue Subway and East Side Access transit projects. Both projects are located almost entirely within Maloney’s congressional district. Please click here for a copy of Maloney’s report. (PDF)
In November 2007, the Federal Transit Administration (FTA) and the MTA signed a full-funding grant agreement for the Second Avenue Subway, which will provide $1.3 billion in federal funds to build the subway’s first leg. In February 2009, Congress passed an omnibus appropriations bill that included a $277.7 million funding installment for the subway, and later that year passed the FY2010 transportation appropriations bill, which will deliver $197 million for the project.
Full-funding grant agreements are commitments by the federal government to provide a total amount of funding, delivered in installments, over the life of a project.
In the mid-1990s, Rep. Maloney began a campaign to resuscitate the Second Avenue Subway after the project had lain dormant for decades.
The full-length Second Avenue Subway will be an 8 ½ mile, two-track line beginning at 125th street and ending in Hanover Square in lower Manhattan. The subway’s first segment will include stops at 96th, 86th and 72nd Streets, and tunnels from 99th to 62nd Streets. At 63rd Street, the new subway line will link onto the existing Q-line tracks, providing a one-seat ride from the Upper East Side to Times Square, Wall Street, and Brooklyn. Construction of the full-length subway has been divided into four phases. Once completed, the first subway phase will carry more than 200,000 riders each day and relieve massive congestion on the most overcrowded subway routes in the nation: the 4, 5, and 6 Lexington Avenue IRT trains on Manhattan's East Side.