The Port Authority of New York and New Jersey has issued a $32bn draft Capital Plan for the period from 2017-2026 for public comment and review.
The plan includes new major capital projects, which the agency will invest in over the next ten years.
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An extensive public outreach campaign will be carried out for the draft plan to ensure maximum participation from the stakeholders and public.
Port Authority chairman John Degnan said: “Hard choices and robust debate led to a balanced ten-year Capital Plan to help meet the entire region’s enormous current and future transportation infrastructure needs.
“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.”
The plan allocates $3.5bn for Port Authority Bus Terminal, $2.5bn for John F. Kennedy International Airport redevelopment and a new AirTrain system for LaGuardia Airport.
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By GlobalDataIt will also provide $2.3bn Terminal A at Newark Liberty International Airport refurbishment and $1.7bn to construct a new connection linking PATH trains to Newark Liberty International Airport’s Rail Link Station.
The plan also awarded $600m for the renovation of LaGuardia Airport’s Terminals C and D.
Port Authority executive director Pat Foye said: “This region needs new and upgraded transportation infrastructure to deal with regional growth.
“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 allocates $7.6bn towards the completion of projects in the construction stage, as well as $2.7bn towards the Trans-Hudson rail tunnel link and $8.8bn for the important state-of-good-repair projects.
The review process includes the first ever Capital Plan public meetings in New York and New Jersey, which will be attended by at least one commissioner from each state.
The public comment period will end on 15 February 2017.
