Market Commentary and Intraday News
MTA awards contract for ventilation facility
236 days ago
(AP:NEW YORK) Transit authorities have awarded a $56 million contract to build a ventilation facility for the tunnels that will carry Long Island Rail Road trains to Grand Central Terminal.
The MTA announced Monday that it awarded the contract to Schiavone Construction Co. and John P. Picone, Inc.
The facility will be constructed completely underground at East 55th Street in Manhattan between Park and Madison avenues.
It is slated to be finished in April 2015.
The facility also will provide ventilation for Grand Central's new LIRR passenger concourse.
As part of East Side Access, ventilation facilities are also being built between Park and Madison avenues at 37th, 44th and 50th streets. Another facility is under construction along 63rd Street at York and Second avenues.
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