Port Authority Funds PATH Link to Newark Airport
$1.5 Billion Project is in Capital Spending Plan, Along With Airport Renovations
By Ted Mann
Feb. 4, 2014
Wall Street Journal
Image courtesy of the Wall Street Journal.
"The Port Authority of New York and New Jersey will forge ahead with a $1.5 billion plan to connect its PATH train system to the rail station at Newark Liberty International Airport, officials said Tuesday.
The PATH extension to the airport from its current terminus in downtown Newark is a key priority of New Jersey officials at the bistate authority. It also has drawn support from real estate interests in downtown Manhattan, who believe a quicker connection to a key regional airport will boost the competitiveness of a rebounding residential and office district.
The announcement comes as part of the Port Authority's proposed 10-year, $27.6 billion capital spending plan, which was unveiled Tuesday morning at a committee meeting of the authority's Board of Commissioners. The spending plan had been delayed for months by wrangling within the agency, as representatives of New York and New Jersey negotiated over which of the states' respective priorities would get funding, officials said..."
http://online.wsj.com/news/articles/...63013633022416