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Dual Contracts (New York City Subway)The Dual Contracts of 1913, also known as the Dual Subway System, were contracts for the construction and/or rehabilitation and operation of rapid transit lines in the City of New York. The majority of the lines of the present-day New York Subway were built or reconstructed under these contracts. The contracts were "dual" in that they were signed between the City and two separate private companies. Contract 3 was signed between the City and the , operator of the original subway line in New York City. Contract 4 was signed between the City and the Municipal Railway Company, a subsidiary of the (later ), formed especially for the purpose of contracting with the City for construction of the lines. Contracts 1 and 2 were the original subway contracts between the City and the for the famous first subway. These contracts predated the Dual Contracts. Under the terms of Contracts 3 and 4, the City would build new subway and elevated lines and rehabilitate and expand certain existing elevated lines, and lease them to the private companies for operation. The cost would be borne more or less equally by the City and the companies. The City's contribution was in cash raised by bonded indebtedness, while the companies' contributions were variously by supplying cash, facilities and equipment to run the lines. Several provisions were imposed on the companies, which eventually led to their downfall and consolidation into the City-owned in 1940: - Fare was be limited to five cents; this led to financial troubles after post-World War I inflation.
- The City had the right to "recapture" any of the lines it built, and run them as their own.
- The City was to share in the profits.
IRT lines The following lines were built under the Dual Contracts for the : The following lines were rebuilt with extra tracks: BMT lines All Manhattan and Queens lines were built under the Dual Contracts, as were all subway and some elevated lines in Brooklyn. The following lines were built under the Dual Contracts for the (or its predecessor, the ): The following lines were rebuilt with extra tracks: External links
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