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Port Authority unveils $32 billion Capital Plan

The Port Authority has proposed spending $32 billion improving New York’s transportation network over the next ten years.

In what it called an “unprecedented” move the Port Authority Board approved a draft 10-year Capital Plan that will return the agency to its core transportation mission and be the subject of the most extensive public outreach campaign ever undertaken.

“Hard choices and robust debate led to a balanced 10-year Capital Plan to help meet the entire region’s enormous current and future transportation infrastructure needs,” said Port Authority chairman John Degnan.

“These include a new, state-of-the-art Port Authority Bus Terminal for bus commuters, 21st-century airport terminals for fliers and more trains for rail riders.”

“This region needs new and upgraded transportation infrastructure to deal with regional growth,” added Port Authority Executive Director Pat Foye.

“This ambitious plan proposes to invest billions to maintain the agency’s world-class bridges, tunnels, airports, seaport and PATH system in a state of good repair while continuing to rebuild and expand existing facilities and build new ones to meet the region’s growth.”

The plan outlines new major capital projects the agency will invest in over the next 10 years, including:

$3.5 billion for a new Port Authority Bus Terminal.

$2.5 billion for the redevelopment of John F. Kennedy International Airport and a new AirTrain system to serve LaGuardia Airport.

$2.3 billion to support the redevelopment of Terminal A at Newark Liberty International Airport.
$600 million for the redevelopment of LaGuardia Airport’s Terminals C and D.

$1.7 billion to build a new connection linking PATH trains to Newark Liberty International Airport’s Rail Link Station.

“Governor Andrew Cuomo continues to demonstrate his commitment to growing and expanding New York’s economy,” said New York Building Congress President & CEO Carlo Scissura. “Today’s proposals echoed his pledge to invest in aging infrastructure, including the redevelopment of JFK Airport, reimagining of Penn Station, modernizing of New York City’s subway system, and expansion of the Javits Center, while improving the quality of life for residents through education programs, career opportunities, and an increased focus on wellness.  Governor Cuomo’s plans position New York for success today and in the future.”

The plan also includes $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 $7.6 billion, a total of $2.5 billion will support LaGuardia Airport’s ongoing Terminal B redevelopment project.

The draft Capital Plan includes a total of $2.7 billion toward the payment of debt service for the Trans-Hudson rail tunnel link between New York and New Jersey. That includes an already approved $302 million toward debt service on the Gateway Development Program’s Portal Bridge North project.
The draft plan also includes $8.8 billion – or 30 percent of the total 10-year spending – for critical state-of-good-repair projects at the agency’s transportation facilities, including $1.5 billion to restore the George Washington Bridge, $1.1 billion to replace the Lincoln Tunnel Helix and $360 million to replace wharves and piers.

The public comment period on the document will continue through February 15, 2017. The Board will review all of the input before taking action on the plan at its February 16, 2017 meeting.

The outreach will include two public meetings, one in each state, a measure previously not undertaken prior to previous Capital Plan adoptions. The meetings will be attended by at least two commissioners, one from each state, as well as the executive director and chief financial officer.

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