On December 8, 2005, The Port Authority of New York & New Jersey released a new Strategic Plan, Transportation for Regional Prosperity. This plan advocates a commitment to world-class standards of transportation service for the region, and the creation of new transportation infrastructure - by the Port Authority and our transportation partners - necessary for robust economic growth. It also identifies public policies that can make existing parts of our region's transportation system perform more effectively, such as transportation demand management, and sound transportation planning that recognizes the connections among transportation investment, job growth, the regional environment and land use.

The Plan also includes a list of planned capital projects and proposed infrastructure investments for 2006-2015, some of which the Port Authority would undertake alone, and some that would be undertaken with other regional partners. The five areas detailed in the Plan are:

      (1) Transportation for a Competitive Service Export Economy,
      (2) Transit-Based Economic Growth,
      (3) Efficient Goods Movement Network,
      (4) Sound, Secure, State-of-the Art Infrastructure, and
      (5) Seamless Regional Travel.

This Plan was developed over several years, in consultation with the Port Authority's customers, business and civic representatives, and public and private partners. It will continue to evolve as Port Authority staff subject proposed investments to an extensive process of development, analysis, evaluation, and refinement, and establish priorities for implementation. The scope of its proposed investment will require innovative financing and an unprecedented level of cooperation and collaboration among public and private organizations in the region. By making this Plan public, we hope to generate greater awareness, invite new dialogue and build stronger partnerships for the future of the region.