PANYNJ announces record USD45bn capital plan, 2026 annual budget of USD10.1bn
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Background ✨
Port Authority of New York and New Jersey approved a USD9.4 billion budget for 2025, allocating USD3.6 billion for capital expenses and supporting redevelopment at JFK and Newark Liberty airports1 2. The newly unveiled 'EWR Vision Plan' included initial planning for a new Terminal B at Newark, with a two to three year planning phase expected to commence in 20253 4.