Friday, December 26, 2014

Follow us:
Follow @NY1 on Twitter Follow NY1 News on Facebook Follow NY1 News on Google+ Subscribe to this news feed 

News

Port Authority Plans to Spend $27 Billion in Next Decade

  • Text size: + -
TWC News: Port Authority Plans to Spend Billions to Rebuild and Maintain
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

out of 10

Free Video Views Remaining

To get you to the stories you care about, we are offering everyone 10 video views per month.

Access to our video is always free for Time Warner Cable video customers who login with their TWC ID.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

The Port Authority plans to spend billions over the next 10 years to rebuild and maintain its airports, bridges, tunnels, ports and rail systems.

It's unveiled one of its most comprehensive plans ever to spend more than $27 billion to revamp and maintain its properties.

The Port Authority says the plan will create jobs, and $29 billion in economic activity.

Almost half of the money will be used to maintain existing structures; $1 billion will be used for repairing damage done by Hurricane Sandy, especially to the PATH system, and protect against a similar weather event.

The entire plan is available at the Port Authority website and it goes before the board on Feb. 19.

10.11.12.244 ClientIP: 54.145.172.149, 184.51.126.20, 10.48.37.151 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP