Growing the Region News

Vol. 2, No. 8, November 2007

Hearings Scheduled on Port Authority Toll/Fare Adjustment Proposal; Releases 2008 Operating Budget and Updated 2007-2016 Capital Plan

The Port Authority will hold a series of public hearings in December on the agency's proposal for adjustments in its bridge and tunnel tolls and PATH rail system fares.

On November 15, the agency submitted to its Board of Commissioners a plan to raise additional revenue needed to pay for nearly $30 billion in critical transportation and $650 million in annual security projects during the next 10 years.

The agency last adjusted tolls in March 2001. Before that, the last toll increase was in 1991.

At the November 15 Board meeting, the agency released its Updated 2007-2016 Capital Plan. The $29.5 billion plan includes strategic investments in rehabilitating and modernizing agency facilities, easing congestion and reducing overcrowding. Among the highlights of the plan:

$3 billion for the new Hudson River passenger rail tunnel.
$3.3 billion to completely overhaul and modernize the PATH system.
$500 million for Stewart International Airport redevelopment.

Other Related Links:

Proposed 2008 Budget and Updated 2007-2016 Capital Plan.
Comments to the proposed plan are welcome via email publiccomments@panynj.gov.

Lincoln Tunnel Toll Plaza

Port Authority Assumes Management of Stewart International Airport

November 1 marked the first day of Port Authority operations at Stewart International Airport in Newburgh, N.Y. The Port Authority vowed to develop the underutilized facility into a strong regional airport serving the travel and business needs of the Hudson Valley while helping alleviate congestion and ease delays at the New York-New Jersey metropolitan-area airports.

For additional details, see Special Edition of Airport News. To subscribe click here.

News Briefs

The Port Authority is launching the first phase of a motorist alert service for our bridge and tunnel customers. It is a free subscription service that notifies customers of incidents or events that may delay their trip across Port Authority bridges and tunnels.

Visit www.panynj.gov to view Web casts of Port Authority committee and board meetings.

Archived Growing the Region newsletters are available in podcast format.

Did You Know?

The Port Authority does not receive tax revenue from any state or local jurisdiction. It relies primarily on revenue generated from facility operations -- tolls, fares, user fees and rent.

Public Meetings

The next Port Authority Board of Commissioners meeting will be held on December 18, 2007. Click here to view minutes of previous board meetings, board actions, and related information.