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Hearing Hearing Date: June 8, 2015 2:30 pm New York

Field Briefing, “Oversight of Major Transportation and Infrastructure Projects in New York City”

Subject
Field Briefing, “Oversight of Major Transportation and Infrastructure Projects in New York City”
Date
June 8, 2015
Time
2:30 pm
Place
New York

BRIEFING PURPOSE:

  • To examine major infrastructure projects currently underway in New York City and assess the cost and status of each project.
  • To determine whether federal infrastructure investments are being used efficiently.

 

BRIEFING BACKGROUND:

  • The Committee is tracking large-scale transportation projects to ensure they remain on budget and on schedule.
  • As part of the field briefing, members of the Oversight Transportation and Public Assets Subcommittee will tour Moynihan Station, East Side Access, Second Avenue Subway, and NYC Traffic Management Center.

 

Major Transportation and Infrastructure Projects in New York City

Project Initial Cost Estimate Current Phase Cost Estimate Final Cost Estimate Estimated Federal Money Received Estimated Completion Date Estimated Percentage Complete Date Construction Began
East Side Access $6.4Billion n/a $10.8 Billion $2.8 Billion December 2022 59.3% April2006
2nd Avenue Subway $3.8Billion $4.45 Billion $22Billion $1.3 Billion December 2016 82% April2007
Moynihan Station $267Million $300 Million $1Billion $270 Million($153 Million in Grants) August 2016 57% October 2010
Related Documents
Name Document
Statement from U.S. Department of Transportation Federal Transit Administration Executive Director Matthew Welbes Document
Statement from U.S. Department of Transportation Office of Inspector General Auditing and Evaluation Deputy Principal Assistant Inspector General Joseph W. Comé Document
Statement from City of New York Senior Advisor to the Mayor for Recovery, Resiliency, and Infrastructure William H. Goldstein Document