The Port Authority of New York and New Jersey Board of Commissioners approved Dec. 19 a record $45 billion capital plan covering the 2026-2035 period that will chart the next decade of investment in the region’s transportation network.
The plan builds on the completion of major initiatives from the 2017-2025 capital plan such as the rebuilding of Terminal A at Newark Liberty International Airport and LaGuardia Airport and advances a new generation of projects that will modernize, strengthen and expand the agency’s infrastructure around the region.
The approved plan, first proposed in mid-November, funds both the completion of major projects in progress, including the new Midtown Bus Terminal to replace the obsolete, 75-year-old facility; the transformations at John F. Kennedy International Airport and Newark Liberty International Airport; and the PATH Forward program and significant PATH service increases. New initiatives include Newark’s new Terminal B, improved and more reliable mass transit access to LaGuardia Airport and a rebuild of the non-landmarked gate areas of LaGuardia’s Terminal A…