How Much Does Today’s MTA Train Derailment Cost? How Much Do MTA Trains Cost?
Today there was a major scare for New Yorkers as an MTA train derailed forcing people to evacuate from the subway through the tracks. Apparently, the train was approaching 125th St. and caught on fire, and large groups of people had to crawl through the darkness and smoky tunnels in order to get to safety. At this point it doesn’t appear that anybody’s been significantly injured.
But given the damage, one wonders how much these MTA trains cost, and how much it costs to repair such a derailment. We’ll find out.
MTA train cost: derailments causing chaos and damage
Much of New York’s train system has been shut down due to a derailment in Manhattan. The MTA says they are currently investigating after train crashed into a wall, causing a derailment and mass confusion. You can see a video of the incident below.
MTA train cost
How much is in MTA train cost? According to government sources, the average MTA train car costs between $1 million and $2 million. About half of that is the cost of purchasing the car, and the rest is the cost of installation maintenance and repairs.
A single train on the MTA system, therefore costs around $15 million-$25 million. Given the number of trains in the MTA system, that adds up to many billions of dollars in total.
Although much of the MTA’s infrastructure is already built, if the MTA had to rebuild any of their structure, the cost of that construction can be up to $200 million per mile.
MTA train derailment cost
How much will it cost for the MTA train that derailed? That depends on a lot of factors.
First of all, the cost of repairs to the car can be anywhere between a few hundred thousand dollars, up to $1 million or more of the cars extremely damaged.
In a situation where the entire train is derailed, the cost can be between $1 million and $20 million or more. In today’s situation in your, one train car crashed, and several others derailed. We would estimate that that would cost somewhere in the range of $5-10 million to repair.
However, other things need to be repaired as well. In today’s New York situation with the MTA, a wall will need to be repaired, as well as tracks, and some of the underground tunneling. In addition, signaling systems, lighting systems, and ventilation systems may need to be repaired.
In a case like today’s MTA train derailment, we would expect the cost to range anywhere from $1 million to $5 million. In total then, today’s MTA train derailment cost may exceed $15 million.
