Contact Us
News

Port Authority Approves Massive Capital Plan

New York
Placeholder
The Port Authority Bus Terminal on 42nd Street in Manhattan

The Port Authority of New York and New Jersey approved a $32.2B 10-year capital plan on Thursday.

It is the biggest capital plan in the bi-state agency’s 96-year history. The plan will cover some massive infrastructure projects, including a contentious plan to rebuild the Port Authority Bus Terminal, $11.6B for improvements at all three major Tri-State area airports, $10B for improvements to area bridges and tunnels, and $2.7B for a new rail tunnel under the Hudson River.

The approval comes after a monthlong public review process. Earlier this week, a bitter feud between New Jersey and New York politicians over the status of the bus terminal project burst into the open.