The MTA board voted in favor of a transformation plan Wednesday, according to multiple reports.

For the first time since the agency was formed half a century ago, the MTA could soon be reorganized.

The plan calls for cost-cutting measures, methods for improving service and improving how the MTA communicates with commuters. The creation of a new centralized communication system could be in the works.

New York state tasked the MTA with developing a reorganization plan, only giving it a few months to create a plan that improves service and redundancies within the organization.

According to the agency, 1,900 to 2,700 positions could be eliminated. The agency says the changes could allow the organization to save between $370 to $530 million.

"Make no mistake about it, this transformation will allow us to finally give our customers the system they deserve and prepares us to execute on what is likely to be the biggest capital plan in MTA history," says MTA Chairman and CEO Patrick J. Foye.

The MTA says the plan would give customers the system they deserve.