The New York and New Jersey Port Authority has unveiled its plans on a $45 billion investment on the Capital Plan. These include the region’s airports, bus infrastructure, railways and ports between 2026 and 2035. The Capital Plan entails establishment of a public-private partnership to design and build a new terminal B at Newark Liberty International Airport. Furthermore, it entails the expansion of Terminal A, a new automated people carrier and an airport train station.
Renovation at Terminal A at LaGuardia Airport is also expected. John F. Kennedy Airport is also in the plans with terminals 1 and 6 due to be completed in 2026. The airport will also see the construction of a new AirTrain as well as a new restaurant for taxi drivers. $11bn will be spent on the design, planning and construction of the two-phase New Midtown Bus Terminal. The Capital plan could also see new major airport terminal upgrade projects that are expected to reshape the US aviation sector.
Project Factsheet
Significance:
- $45 billion to modernize key transportation infrastructure across New York and New Jersey.
- Covers airports, rail, bus terminals and seaports.
- Also one of the most transformational infrastructure investments in the region in decades.
Newark Liberty International Airport:
– The design and construction of a new Terminal B through a PPP.
– Expansion of Terminal A, a new automated people mover, and a new airport train station.
- LaGuardia Airport:
Renovation and upgrading of Terminal A.
- John F. Kennedy International Airport:
– Completion of Terminals 1 and 6 in 2026.
– New AirTrain & improved amenities including a restaurant for the taxi drivers.
- Midtown Bus Terminal (New York):
– $11 billion for the design, planning, and construction of the two-phase New Midtown Bus Terminal.
- PATH Rail System:
– Systemwide improvements that allow all four PATH lines to run seven days a week by 2026, with more service during rush hour, late nights, and on weekends.
Seaport Infrastructure:
– $1.2 billion in private investment to modernize and expand container terminal facilities and operations.
- World Trade Center Campus:
Completion of Towers 2 and 5 and upgraded office space at One World Trade Center.
Developer/Consortium:
- Lead Agency: Port Authority of New York & New Jersey (PANYNJ).
- It also involves a number of different public-private delivery partners, aviation contractors, rail system integrators, and maritime infrastructure developers.
Funding/Timeline
- Investment: $45B.
- Timeline: 2026–2035.
- Aims to improve capacity, reliability, and economic growth across the region.
The Scope of Implementation on the New York Port Autority Capital Plan
The New York and New Jersey Port Authority capital plan is expected to significantly improve the region’s infrastructure. The Port Authority chairman, Kevin O’Toole noted that the concluding capital plan provided the roadmap and funding for an historic decade of achievement. Allocated funds will also be spent on the PATH rail system. Once complete, all four lines will be running seven days a week from 2026 with increased rush hour service. It will also accommodate late-night trains and direct weekend service. $1.2bn in private investments would modernize and expand container terminal operations and infrastructure at the Seaport.
Funding will also be spent on completing Tower 2 and Tower 5 at the World Trade Center campus. Furthermore, it will improve office space at the One World Trade Center. “This record $45bn proposed 2026-2035 Capital Plan builds on a 104-year legacy of connecting this region through bold, forward-looking, best-in-class infrastructure that will drive our economy,” noted O’Toole. The endeavor has already been deemed the most significant transformation of New York’s infrastructure since the post-war boom.
