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Port Authority Adopts $6.5 Billion 2016 Budget

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 →

2015-12-16
On: December 16, 2015
In: Capital Investments
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