New York’s Metropolitan Transportation Authority Friday announced it had slashed $1.8 billion from its proposed five-year capital plan in a bid to win state approval. Like an earlier proposal rejected last year by Gov. David Paterson, the slimmed-down $26.27 billion capital program has a $9.91 billion funding gap.

“We certainly recognize that there’s a big gap that needs to be filled, but better to actually get on with the program, move things forward … than be in a position today where we’re not getting along with a set of critically important capital investments,” said MTA chairman and chief executive officer Jay Walder.

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