SEPTEMBER 2032!: Daily News
It could be the contingency funds are for the extension of Phase II beyond Lenox Ave.
Paywall:
It could be the contingency funds are for the extension of Phase II beyond Lenox Ave.
Paywall:
Second Ave. subway’s Harlem extension due in 2032: documents
The planned extension of the much-delayed Second Ave. subway into East Harlem is scheduled to open in September 2032, according to a draft of a federal funding agreement obtained by the Daily News.
Under the terms of the agreement, which was first reported by The News last week, the Federal Transit Administration will kick in $3.4 billion toward the project with the MTA promising to foot $4.3 billion of the bill.
The so-called Phase 2 expansion will consist of 1.76 miles of track and three additional subway stations. It’s expected to cost $7.7 billion.
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The new stations together make up the bulk of the expense, with $3.44 billion currently allocated to their construction. By contrast, the work of digging new tunnels and laying down tracks is expected to run roughly $471 million.
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The MTA is setting aside $1.3 billion in contingency funds for possible cost overruns, and $730 million is expected to cover financing charges.
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The agreement says work is expected to begin on the new subway stations in the first half of 2024 — but the MTA likewise declined to comment on any time line for awarding contracts for that work.
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The tail tracks in the federal filing extend past Lenox Ave., demonstrating the possibility of a future connection to the 125th St. stop of the No. 2 and 3 lines.
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Next stop, Willoughby
~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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