24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

NY/NY Port Authority Plans Billions in Infrastructure Spending

The Port Authority of New York and New Jersey will spend nearly $30 billion on upgrading transportation infrastructure in the New York metropolitan area over the next decade, the bistate agency said in a ten-year capital plan released on Tuesday.

The agency, which runs the major airports, bridges and other shared infrastructure in the region, including six marine terminals, said its $27.6 billion capital plan will include $5.6 billion for new terminals at La Guardia and Newark airports.

The plan will also include $3.3 billion in upgrades to the trans-Hudson PATH train system with an extension to Newark Airport, creating a direct link between the airport and lower Manhattan.

Source: Reuters. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.