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Port Authority Approves $32 Billion Capital Plan For New York, New Jersey

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Port Authority Approves $32 Billion Capital Plan For New York, New Jersey

Port Authority Approves $32 Billion Capital Plan For New York, New Jersey

Reuters reports that The Port Authority of New York and New Jersey signed off on a $32.2 billion, 10-year capital plan on Thursday, including funding to replace its main Manhattan bus terminal and financing for a new Hudson River passenger train tunnel.

The Port Authority estimates the plan will create $20 billion in total wages and $56 billion in overall economic activity.

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