The Port Authority of New York and New Jersey (PANYNJ) has unveiled a proposed 45 billion USD capital plan for 2026–2035, outlining the next decade of investment across the region’s multi-modal transport system.
The plan includes on major airport investment, a world-class new Midtown Bus Terminal, and the most significant PATH service expansion in 25 years, alongside vital upgrades to bridges, tunnels, and freight corridors.
The proposal builds on the momentum of the 2017–2025 capital cycle, with a programme designed to support growth, climate resilience and long-term regional mobility—without taxpayer funding from New York or New Jersey.
Alongside the capital plan, the Port Authority has proposed a 10.1 billion USD 2026 budget.
A record 1.1 billion USD is allocated to safety and security activities across policing and cybersecurity, including 24/7 monitoring, risk management and disaster-recovery systems.
The budget also supports progress toward the authority’s 2030 target of a 50 percent reduction in greenhouse-gas emissions. Funding covers the continued transition to electric light-duty vehicles and expanded solar installations at airports, along with climate-resilience work to address more frequent extreme weather.
What’s more, the authority will invest in new technologies, including autonomous-vehicle trials, artificial-intelligence applications and advanced air-mobility research, building on pilots delivered through its innovation hub.
