NEW YORK/NEW JERSEY
The Port Authority of New York and New Jersey approved a $32.2 billion capital plan on Thurs., Feb. 16, which includes financing for the states’ airports and transit systems. According to the Associated Press, the plan commits financing for a Hudson River train tunnel and a new bus terminal in Manhattan.
The $32.2 billion capital plan also allocates more than $11 billion toward redevelopment projects at JFK, LaGuardia and Newark Liberty International Airports—including an extension of the PATH system to the Newark airport—and sets aside $2 billion to refurbish the George Washington Bridge in New Jersey.
More information on the infrastructure investments is available via the Associated Press.
