Port Authority approves $32 billion capital plan for New York, New Jersey

By Hilary Russ
NEW YORK (Reuters) – 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 plan, proposed in January and approved after a public response period, will guide repairs and expansions for the bi-state authority’s capital projects through 2026.
The Port Authority estimates the plan will create