Port Authority Proposes $9.4 Billion Budget for 2025

panynj.gov

The Port Authority of New York and New Jersey today (11/14) released the agency’s proposed budget for 2025 of $9.4 billion, which includes $3.6 billion of capital infrastructure investment spanning the redevelopment of the region’s major airports, the replacement of the outdated Midtown Bus Terminal, the once-in-a-lifetime top-to-bottom rehabilitation of the George Washington Bridge, the modernization of the roadway network into the seaport’s busiest marine complex, and the two-year initiative to overhaul the PATH commuter rail’s tracks, stations and signals.