The Port Authority of New York and New Jersey (PANYNJ) has unveiled a record-breaking $45 billion capital plan for 2026–2035, prioritizing major airport modernisation at JFK, Newark Liberty, and LaGuardia.
Overview of the Capital Plan
The proposed $45 billion investment blueprint sets out a decade of infrastructure renewal across the bi‑state region. It builds on the momentum of the current 2017–2026 plan, which delivered landmark projects such as the new LaGuardia Airport, Newark Liberty’s award‑winning Terminal A, and the replacement of the Goethals and Bayonne Bridges Port Authority of New York & New Jersey portauthoritybuilds.com airportindustry-news.com.
Airport Modernisation
- JFK International Airport: Funding will complete the wholesale rebuild already underway, including new terminals, expanded capacity, and climate‑resilient infrastructure.
- Newark Liberty International Airport (EWR): The plan includes construction of a new Terminal B to anchor a transformed Newark Liberty, alongside a state‑of‑the‑art AirTrain Newark system.
- LaGuardia Airport (LGA): Building on its recent redevelopment, further upgrades will ensure modern, reliable passenger facilities and operational resilience Port Authority of New York & New Jersey airportindustry-news.com.
Broader Infrastructure Commitments
Beyond airports, the plan also funds:
- A new Midtown Bus Terminal to replace the outdated 75‑year‑old facility.
- PATH rail service expansions, with increased capacity and reliability.
- Critical climate resilience investments across the region’s transport network Port Authority of New York & New Jersey ROI-NJ Railway-News.
Funding and Strategy
The Port Authority emphasized that the programme will be delivered without state or local tax revenue, relying instead on revenues from its facilities and private partnerships. The plan is designed to meet growing demand, climate pressures, and the need for modernised infrastructure, ensuring the region remains competitive and connected portauthoritybuilds.com airportindustry-news.com.
Outlook
If approved, the 2026–2035 capital plan will mark one of the largest infrastructure investments in PANYNJ’s history, cementing New York and New Jersey’s airports as global gateways. With projects spanning aviation, transit, and resilience, the plan underscores the Port Authority’s ambition to deliver next‑generation infrastructure for a growing region.
NYC-JFK-Airport-Picture-by-Wally-Gobetz
