The Board of Port Authority of New York and New Jersey issued a USD 32 billion draft 2017-2026 Capital Plan for public comment and review.
The plan outlines new major capital projects that includes USD 1.7 billion to build a new connection linking PATH trains to Newark Liberty International Airport’s Rail Link Station and USD 2.5 billion for the redevelopment of John F. Kennedy International Airport and a new AirTrain system to serve LaGuardia Airport.
The plan also includes USD 7.6 billion to finish projects currently in construction, such as the Bayonne Bridge, Goethals Bridge, PATH’s signal replacement program, upgrades to the Harrison and Grove Street PATH stations and the port and rail cargo facility at Greenville Yard. Of that USD 7.6 billion, a total of USD 2.5 billion will support LaGuardia Airport’s ongoing Terminal B redevelopment project.
The draft Capital Plan includes a total of USD 2.7 billion toward the payment of debt service for the critical Trans-Hudson rail tunnel link between New York and New Jersey. That includes an already approved USD 302 million toward debt service on the Gateway Development Program’s Portal Bridge North project.
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