On December 10, the Board of Commissioners for the Port Authority of New York and New Jersey approved the agency’s operating and capital budget for fiscal year 2016, worth a combined $6.5 billion. Allocations include $3 billion for the agency’s Operating Budget and $3.5 billion for its Capital Budget. Of particular note for the Port of New York and New Jersey: $8 million from the Operating Budget is slated for future planning, including a Port Commerce master plan to optimize land use, and operation of an agency wide operations center for enhanced system wide trans-Hudson transportation management. $952 million from the Capital Budget is slatedRead More →