Port Authority Approves $32 Billion Capital Plan For New York, New Jersey

Wochit Headline News - Thursday, 16 February 2017
Reuters reports that The Port Authority of New York and New Jersey signed off on a $32.2 billion, 10-year capital plan on Thursday, including funding to replace its main Manhattan bus terminal and financing for a new Hudson River passenger train tunnel. The Port Authority estimates the plan will create $20 billion in total wages and $56 billion in overall economic activity.

Recent related news

NEW YORK--(BUSINESS WIRE)--#Jobs--Sprint expands presence in New York and New Jersey with hundreds of jobs and new stores.
4 days ago • Business Wire
NEW YORK--(BUSINESS WIRE)--Hudson Bay Capital Management LP, a New York-based investment manager, and its affiliated investment funds (collectively โ€œHudson...
4 days ago • Business Wire
President Donald Trump hints at another job-creating project targeting the Southeast. And it's in the life sciences arena - which could be good news for the...
1 week ago • bizjournals
President Donald Trump continued his attack on the press over the weekend. His target was a familiar one, The New York Times, but his claim new: that the...
4 days ago • Raw Story
NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU), New Yorkโ€™s Hometown Airlineยฎ, today released a Request for Qualifications (RFQ) for the development of a...
1 week ago • Business Wire
The final component of a $4 billion transformation at LaGuardia Airport was completed Thursday, after the Port Authority of New York and New Jersey's Board of...
6 days ago • bizjournals

You might like