$32 Billion for Port Authority Capital Plan

A plan that includes improvements for LaGuardia, new rail transit and more automotive infrastructure to be completed over the next ten years.

1 minute read

March 7, 2017, 5:00 AM PST

By Casey Brazeal @northandclark

ERIC SALARD / Flickr

A newly approved $32.2 billion capital campaign will, among other goals, modernize transit and improve the much maligned LaGuardia Airport. The plan apportions roughly $11 billion to air travel, including "$4 billion for a LaGuardia Terminal B replacement and puts funds toward the revitalization of John F. Kennedy International Airport," writes Audrey Wachs for The Architect's Newspaper.

The rest of the funding will be divided between rail and car infrastructure. "The agency is putting $2.7 billion towards debt service on to-be-borrowed money for a new and sorely needed trans-Hudson rail line between New York and New Jersey," Wachs reports.

FULL STORY: Port Authority approves $32 billion capital plan with funding for new tunnels and terminals

Friday, February 17, 2017 in The Architect's Newspaper

Infrastructure New York New York New Jersey Airports Rail LaGuardia Port Authority View More

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