A deal was reached Saturday to keep the MTA on track after Gov. Cuomo and Mayor de Blasio settled their differences over funding the future of the agency.
The city will pony up $2.5 billion and the state will provide another $8.3 billion in funds toward the agency’s five-year capital plan.
In a joint statement, Cuomo and de Blasio announced the “historic” deal to move forward with the $28 billion repair and improvement plan — with the city pitching in more than four times its original offer of $657 million.
In exchange for the city’s increased contribution, transit projects in the Big Apple will be prioritized and planned with the mayor’s reps on the MTA board, although details have not been identified yet.