Port Authority Proposes $9.4 Billion Budget for 2025

November 14, 2024 | panynj.gov

Credit: Official logo - Port Authoriry of New York and New Jersey 

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of capital infrastructure investment spanning the redevelopment of the region’s major airports, the replacement of the outdated Midtown Bus Terminal, the once-in-a-lifetime top-to-bottom rehabilitation of the George Washington Bridge, the modernization of the roadway network into the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. 

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NJ SEED: The proposed PA budget that approaches $10 billion may be shocking but it addresses many needed improvements to the region. Know that it comes with increased tolls and fees.