Feds Approve 2nd Ave Subway
A: NY Post today confirmed: "the feds have green-lighted the long awaited Second Avenue subway"! The FTA plans to announce today that the massive project's first $5 billion section meets the criteria for going into final development.
I reported on this last week with some help from Glenn over at NYC: The Oil Drum. Here is the NY Post's image of the planned first section:
Here are some points from today's article:
"...contractors can start spending the $1.3 billion in federal funds set aside for the first phase of a transit line that will eventually run from East Harlem to the Financial District."
"...The next step: breaking ground. The hope is that the first leg from 63rd to 96th streets, will be ready for use by 2012."
"...the feds estimate that the first phase will take 6-12 years to complete. They also predict that, when completed in 2030, the new line will save riders collective 62,300 hours per weekday by cutting their walk and transfer times."
"...the idea of a Second Avenue subway is hardly new -- it was first proposed in 1929."
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