The Port Authority of New York and New Jersey (PANYNJ) has released a proposed $45 billion capital plan for 2026–2035, outlining a decade-long investment strategy to transform major airports including John F. Kennedy International (JFK), Newark Liberty (EWR), and LaGuardia (LGA) Port Authority of New York & New Jersey megaproject.com.
Major Airport Redevelopment
The plan builds on recent successes such as the new LaGuardia Airport, Newark’s Terminal A, and JFK’s ongoing wholesale rebuild. Key projects include:
- Completion of JFK’s transformation, delivering modern terminals and expanded capacity.
- New Terminal B at Newark Liberty, anchoring a full airport redevelopment.
- State-of-the-art AirTrain Newark, improving passenger connectivity.
- Critical resiliency investments to address climate pressures and future demand Port Authority of New York & New Jersey megaproject.com.
Broader Infrastructure Commitments
Beyond airports, the plan funds a new Midtown Bus Terminal, one of the largest transit projects in the U.S., and significant upgrades to PATH rail services, including expanded seven-day operations and modernized signaling Railway-News Port Authority of New York & New Jersey.
Funding and Strategy
The Port Authority emphasized that the program will be financed without state or local tax revenue, relying instead on operating revenues, bonds, and federal grants. Officials said the plan reflects the region’s growing demand, the need for climate resilience, and the imperative of modern, reliable passenger infrastructure megaproject.com.
Outlook
If approved, the 2026–2035 capital plan will mark one of the largest infrastructure investments in the agency’s history, positioning New York and New Jersey’s airports as global leaders in passenger experience and operational efficiency. Public hearings are scheduled in December 2025, with final adoption expected early next year portauthoritybuilds.com.
Sources: PANYNJ official press release Port Authority of New York & New Jersey; Megaproject.com megaproject.com; Railway News Railway-News; AJOT American Journal of Transportation; PANYNJ Capital Plan Summary portauthoritybuilds.com.
NYC – JFK Airport Picture by Wally Gobetz.PNG
