A new report shows that the MTA will need approximately $92 billion for upgrades and maintenance of the subway system through 2029.

A separate estimation by the Citizens Budget Commission calculates that maintenance will cost as much as $115 billion over five years to meaningfully repair and improve the existing system.

The Interborough Express project aims to cut down travel times: 40 minutes end-to-end between Brooklyn and Queens by implementing a direct public transit option.

This project aims to assist daily commuters and benefit the underserved communities, where more than a third of the population near this proposed train line are placed below the poverty line, as reported by the MTA.

The five-year MTA capital plan could exceed available funds, reported the State comptroller Thomas DiNapoli.

The plan targets the Interborough Express light rail and a Penn Station expansion. However, it does not seem to fit with DiNapoli’s idea.

“The choices made in the next capital plan will reverberate for New Yorkers in the region for years to come,” DiNapoli said.

DiNapoli expressed his thoughts by pointing out that the operations intended could cost as little as $51.1B and subsequently advocated for maintenance in the existing transit system to keep it operational, according to Gothamist.

“We appreciate the serious analysis from both Comptroller DiNapoli and CBC and intend to lay out a detailed capital plan this month that will follow the same needs-based approach taken in those reports,” John McCarthy, the MTA’s chief of policy and external relations, said in a statement.

The money used for the funding of the five-year project comes from financial assistance, debt and grants.

There will be several other sources of funding for the upgrade projects. Funding will come from the federal government, New York state and the city, according to the homepage of the MTA.