NYS Comptroller Says $43B

The costs estimates were detailed in a new report released by the state comptroller detailing the agency’s needs assessments over the next 20 years, starting in 2025.
...
His report estimates that adjusted for inflation, at least $43 billion will be needed for the MTA’s next capital program period between 2025 and 2029. The cost to replace 3,900 subway cars over the next 20 years could be $15 billion. The report also estimates that adjusted for inflation, $69 billion was needed between 2015 and 2024 for two capital programs. Based on his office’s review of a 20 year needs assessment completed in 2023, much of the MTA’s facilities need significant repairs. The comptroller provided his own financial estimates of the improvements after the agency chose not to include projected costs in the assessment.

The report rated several facilities as being in “poor or marginal condition.” That included 73% of the New York City subway’s rail car maintenance buildings; 69% of the roofs at maintenance-of-way support shops; 100% of the Park Avenue train shed structural supports, roof slab, drainage system and HVAC system at Grand Central Terminal; and all of the Long Island Railroad’s platforms at Penn Station.
...