The Port Authority Board of Commissioners approved a 2020 budget consisting of $3.4 billion for operating expenses and $3.6 billion for capital spending.
“This budget is a prudent, fiscally sound spending plan that drives the agency’s ongoing commitments to safety and security, customer experience, sustainability and building new facilities to replace ones that have outlived their useful lives,” said Port Authority Chairman Kevin O’Toole.
The 2020 Budget includes funding for:
- $787 million to provide safety and security at Port Authority facilities, to upgrade cybersecurity initiatives and to enhance emergency operations. An additional $7.9 million above the 2019 Budget is included to increase enforcement against unlicensed livery operators at the airports, to increase coverage for the Airport Unified Operations Centers, and to increase police presence at the airports to manage traffic flow and other disruptions resulting from construction.
- More than $330 million is provided to support sustainability and resiliency efforts that reduce environmental impact and enhance the resiliency of facilities. The $3.6 billion Capital Spending Budget includes $310 million for Superstorm Sandy projects for the rehabilitation of PATH substations and tunnels, for Aviation airfield lighting rehabilitation, and for the Holland Tunnel’s latent salt damage mitigation program.
The 2020 $3.6 billion Capital Spending Budget approved by the Board provides funding for a number of areas, including:
- $2.1 billion in Aviation spending, including $1.5 billion to continue redevelopment of the agency’s airports. At LaGuardia Airport, construction continues on building an entirely new airport, with the planned completion in 2020 of the Terminal B Headhouse and 70 percent of roadways, as well as planning and design for the AirTrain LaGuardia project. At Newark Liberty International Airport, work proceeds on the construction of the new Terminal One and construction of the new garage and central rental car facility, as well as planning for the new AirTrain Newark and a new Terminal Two. At John F. Kennedy International Airport, planning and early works construction continues to advance the redevelopment of the airport, including new and interconnected terminals, relocated cargo facilities, new airport roadways, and ground transportation centers.
- $739 million in spending on Tunnels, Bridges and Terminals projects, including $471 million for upgrades to trans-Hudson crossings; the implementation of cashless tolling at the trans-Hudson crossings; advancement of the George Washington Bridge suspender rope replacement program; and further planning and design activities for a new Port Authority Bus Terminal.
- $321 million at the World Trade Center campus, including improvements to One World Trade Center, and continued construction of the West Bathtub Vehicular Access Project.