"I am very pleased that the Capital Program Review Board has approved the MTA's 2005-2009 Capital Plan. The MTA will now be able to continue the progress it has made in revitalizing the region's transportation network by purchasing vital equipment like new buses and subway and commuter rail cars, maintaining the infrastructure of the system to ensure the safety and reliability of service as well as advancing our ambitious expansion plans. East Side Access, the Second Avenue Subway and the Lower Manhattan to JFK rail link all receive needed funding from this Capital Plan, and they are important components of an efficient, effective 21st century transportation system for New York.
Included in this Capital Plan is the $2.9 billion Transportation Bond Act to be placed before New York's voters in November. The MTA will receive half of the proceeds from this Bond Act, and I will do everything I can in the next four months to rally support for its passage.
I thank Governor Pataki, Majority Leader Bruno, Speaker Silver and Mayor Bloomberg for their support of this Capital Plan. All of New York benefits from a superior public transportation system, and this Capital Plan will allow the MTA to continue to offer New Yorkers the best service in the world."