- Associated Press - Thursday, February 16, 2017

NEW YORK (AP) - The Port Authority of New York and New Jersey has approved a $32.2 billion capital plan that commits financing for a new Hudson River train tunnel and funds planning for a new bus terminal in Manhattan.

Gov. Andrew Cuomo called the 10-year-old plan approved Thursday “a huge step for New York and the region.”

The plan allocates more than $11 billion toward redevelopment projects at JFK, LaGuardia and Newark Liberty International airports.

Funds will also go toward extending the PATH system to the Newark airport.

The plan includes $3.5 billion to begin planning and construction of a new Port Authority Bus Terminal and nearly $2 billion to refurbish the George Washington Bridge.

The agency says the plan will create 235,400 jobs and generate $56 billion in overall economic activity.


The story has been corrected to show that it is the Port Authority of New York and New Jersey, not the Port Authority Board of New York and New Jersey

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