NYMTA Construction and Development Report Outlines Cost Savings and Historic Investments

In its newly released Year in Review and Strategic Plan, New York Metropolitan Transportation Authority (NYMTA) Construction & Development (C&D) reported on its annual savings and latest capital plan. In 2025, C&D generated $1.2 billion in savings, bringing its total savings to more than $4 billion since the agency’s creation in 2020. Bringing economic opportunity, C&D awarded a record-setting $15.8 billion in new contracts and completed projects worth $6.7 billion.

The group was created to deliver NYMTA’s Capital Program more efficiently. It has identified more than $4.2 billion in savings from improvements in planning, contracting, delivery, and management while generating rider improvements.

“C&D has transformed how the MTA delivers capital projects, and this $1.2 billion in savings is further proof that we are delivering a world-class transit system better, faster, and cheaper,” said MTA Construction & Development President Jamie Torres-Springer. “These historic savings show our new model is paying off: every dollar we saved in 2025 is going right back into the system, building a better experience for riders across New York.”

The report outlines key accomplishments, including:

• Signal modernization: costs cut by 33 percent per mile
• OMNY tap-and-ride fare payment: completed $60 million under budget
• Elevator upgrades: doubled the previous record two months faster on average
• Metro-North bridge and track improvements: 51 months ahead of schedule and $93 million under budget; no passenger service was disrupted

C&D’s strategic plan outlines more major improvements to the MTA system to strengthen climate resilience, envision more modern stations, and set the stage for future expansion projects.