Port Authority Proposes Record $45B Capital Plan for 2026-2035

On Nov 14, 2025

The Port Authority of New York and New Jersey has proposed a record $45 billion 2026–2035 Capital Plan, charting the next decade of investment in the region’s transportation network. The plan continues the agency’s momentum in completing major initiatives from the 2017–2025 Capital Plan and advancing a new generation of projects that will modernize, strengthen, and expand the agency’s infrastructure around the region.

For its New Jersey facilities, the 2026-2035 capital plan provides funding for the Port Authority to establish a public-private partnership to  design and build a new world-class Terminal B at Newark Liberty International Airport (EWR).

The plan also calls for expanding the five-star Terminal A, including design and construction work on additional gates for future growth, a critical step in the EWR Vision Plan. A brand-new, state-of-the-art $3.5 billion AirTrain Newark is currently under construction, improving reliability and capacity. Construction is also set to be completed in 2026 on a new community access point to the Airport Train Station, transforming airport and mass transit access for historically underserved areas of Newark and Elizabeth. The proposed capital plan would also fund a third major taxiway to reduce flight delays and a new, simplified roadway network.

Also planned is an extensive rehabilitation program at the Lincoln Tunnel Helix valued at $640 million, which intends to keep the roadway structurally sound in its final years ahead of the construction of a replacement. The program includes work on the bridge’s structure, roadway and deck, all taking place over five years while keeping the crossing open to traffic. As part of the 2026-2035 Capital Plan, the Port Authority will begin planning for its future replacement to take place in the 2036-2045 capital plan period.

The proposed 2026-2035 Capital Plan would also drive one of the largest service increases in PATH history. This includes more frequent rush hour service, more frequent late-night weekend service, and reinstating direct weekend service: Journal Square-33 St, Hoboken-33 St, and Hoboken-World Trade Center. The plan also funds all new uptown tracks, making critical infrastructure investments to enable faster and more reliable service, and the installation of new state-of-the-art fare gates to combat fare evasion. For the first time in 25 years, all four PATH lines would operate seven days a week in 2026.

In addition to announcing its $45 billion proposed 2026-2035 Capital Plan, the Port Authority also announced its proposed 2026 annual budget totaling $10.1 billion, which includes $4.2 billion for operating expenses; $4.1 billion in capital spending; and $1.7 billion in debt service payments; and a record $1.1 billion set aside for safety and security measures.

“The concluding capital plan provided the roadmap and funding for an historic decade of achievement at the Port Authority,” said Port Authority Chairman Kevin O’Toole. “This record $45 billion proposed 2026-2035 Capital Plan builds on a 104-year legacy of connecting this region through bold, forward-looking, best-in-class infrastructure that will drive our economy. It’s a defining moment for our agency, proving that we deliver what we promise as we continue to raise the standard for what public infrastructure can achieve.”

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