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You are at:Home ยป Port Authority unveils record $45 million capital plan
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Port Authority unveils record $45 million capital plan

Machinery AsiaBy Machinery AsiaNovember 17, 2025No Comments2 Mins Read
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Dive brief:

  • A proposal $45 billion capital plan outlines the major construction works for several infrastructure projects in the New York metropolitan area over the next decade, according to a Nov. 13 news release from the Port Authority of New York and New Jersey.
  • The 2026-2035 plan funds the Port Authority’s $2.7 billion contribution to Gateway Program and is advancing several major capital projects, including the $11 billion reconstruction of the Midtown Bus Terminal, major airport reviewstunnel improvements and bridge rehabilitation.
  • The proposal comes as President Donald Trump’s administration recently threatened to take a break funding for New York megaprojectsalthough contractors for those jobs said short-term work was still ongoing.

Diving knowledge:

According to the press release, the proposed plan, a record for funding, points to a deep pipeline of major civil engineering projects on the horizon in the New York metropolitan area.

In 2026 alone, the plan allocates $10.1 billion, including $4.2 billion for operating expenses and $4.1 billion for capital expenditures, according to the release.

The $45 billion proposal continues a capital strategy, begun in 2017, that has already produced some of the area’s most prominent projects, according to the release. These include work at LaGuardia Airport, the new one Terminal A at Newark Liberty International Airport and improvements at JFK Airport.

The new ten-year plan also funds the Port Authority’s state of repair program. This includes projects such as comprehensive rehabilitation of the George Washington Bridgeas well as a $640 million upgrade of the Lincoln Tunnel Helix and $336 million for the Outerbridge Crossing, according to the release.

The proposal is now subject to six public hearings and full consideration by the Board of Commissioners. The Board of Commissioners of the Port Authority will meet on December 18.

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