New York's transit system has received $40 billion worth of upgrades since 1982, and transit officials are asking for another $17 billion.
Now another $809 million for the commuter rail system:
- The Port Authority of New York and New Jersey decided yesterday to spend $499 million to replace its fleet of PATH trains, some of which are 40 years old, with 340 cars built by a Japanese company, Kawasaki Rail Car.
The contract to design and build the cars, which was approved during a three-minute public meeting of the Port Authority's board of directors, will be the single biggest investment in the PATH system since it was created in the 1960's, said Anthony R. Coscia, chairman of the Port Authority.
It is part of an $809 million program to renovate the PATH system, which runs from downtown Newark to Lower Manhattan and Herald Square. The system carries about 200,000 riders each weekday.
Read on, here.