Friday, December 26, 2014

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Port Authority Plans to Spend $27 Billion in Next Decade

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TWC News: Port Authority Plans to Spend Billions to Rebuild and Maintain
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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. ClientIP:,, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP