{"id":33273,"date":"2025-11-17T22:04:11","date_gmt":"2025-11-18T06:04:11","guid":{"rendered":"https:\/\/essential.construction\/news\/port-authority-unveils-record-45b-capital-plan\/"},"modified":"2025-11-17T22:04:11","modified_gmt":"2025-11-18T06:04:11","slug":"port-authority-unveils-record-45b-capital-plan","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/port-authority-unveils-record-45b-capital-plan\/","title":{"rendered":"Port Authority unveils record $45B capital plan"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n        <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/img\/play.svg?500116090725\" alt=\"-\"><br \/>\n        Listen to the article<br \/>\n        <span class=\"text-to-speech__button__audio-length\">2 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/text-to-speech.divecdn.com\/newspost\/805737\/2025-11-17_16.13.51\/port-authority-record-capital-plan.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<h3>Dive Brief:<\/h3>\n<ul>\n<li><span><span><span><span><span><span>A proposed <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.panynj.gov\/port-authority\/en\/press-room\/press-release-archives\/2025-press-releases\/port-authority-proposes-record--45-billion-capital-plan-for-2026.html\" target=\"_blank\"><span><span><span><span><span><span><span>$45 billion capital plan<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> outlines major construction work on various infrastructure projects in the New York metropolitan area over the next decade, according to a Nov. 13 Port Authority of New York and New Jersey news release.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>The 2026-2035 plan funds the Port Authority\u2019s $2.7 billion contribution to the <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/nyc-megaprojects-federal-funding-pause\/802248\/\" target=\"_blank\"><span><span><span><span><span><span><span>Gateway Program<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> and advances several large capital projects, including the $11 billion Midtown Bus Terminal rebuild, major <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/tutor-perin-og-jv-newark-airtrain\/802633\/\" target=\"_blank\"><span><span><span><span><span><span><span>airport overhauls<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, tunnel upgrades and bridge rehabilitation.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>The proposal comes as President Donald Trump\u2019s administration recently threatened to pause <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/gateway-construction-trump-claim-termination\/803364\/\" target=\"_blank\"><span><span><span><span><span><span><span>funding for New York megaprojects<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, though contractors on those jobs said short-term work remained ongoing.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<h3>Dive Insight:<\/h3>\n<p><span><span><span><span><span><span>The proposed plan, a funding record, signals a deep pipeline of large heavy civil projects on the horizon in the New York metropolitan area, according to the news release.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>In 2026 alone, the plan allocates $10.1 billion, including $4.2 billion for operating expenses and $4.1 billion in capital spending, according to the release.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The $45 billion proposal continues a capital strategy, started in 2017, that has already produced some of the area\u2019s highest-profile projects, according to the release. These include work at LaGuardia Airport, the new <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/newark-airport-unveils-27b-terminal-a-airtrain-project-still-delayed\/641063\/\" target=\"_blank\"><span><span><span><span><span><span><span>Terminal A at Newark Liberty International Airport<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> and upgrades to JFK Airport.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The new 10-year plan also funds the Port Authority\u2019s state-of-good-repair program. That includes projects such as the <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/george-washington-bridge-cables-skanska\/743045\/\" target=\"_blank\"><span><span><span><span><span><span><span>comprehensive rehabilitation of the George Washington Bridge<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, as well as a $640 million upgrade of the Lincoln Tunnel Helix and $336 million for the Outerbridge Crossing, according to the release.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The proposal is now subject to six public hearings and full Board of Commissioners consideration. The Port Authority Board of Commissioners will meet Dec. 18.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/port-authority-record-capital-plan\/805737\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive &#8230; <a title=\"Port Authority unveils record $45B capital plan\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/port-authority-unveils-record-45b-capital-plan\/\" aria-label=\"Read more about Port Authority unveils record $45B capital plan\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-33273","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/33273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=33273"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/33273\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=33273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=33273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=33273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}