Monday, December 07, 2009

PATH capital budget for 2010: $356.9 million

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The Port Authority Trans-Hudson (PATH) rail system will get $356.9 million for new rolling stock, a new signal system, and other improvements under a preliminary capital spending program announced by the Port Authority of New York & New Jersey.

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The bistate agency's capital plan also contains $503.9 million for continuing work on Access to the Region's Core projects and $349.7 million for the World Trade Center Transportation Hub.

Under PATH's proposed new capital budget, the biggest item is a $109.9 million payment toward the ongoing acquisition of 340 new passenger cars, which are being built by Kawasaki. The new signaling system is budgeted at $65.5 million. For infrastructure improvements, PATH is allocated $30.6 million; and for stations, $11.7million.

The Port Authority's total 2010 capital program is estimated at $3.1 billion and includes investments in airport and marine facilities as well as rail.

In announcing the program on Dec. 3, PATH said that in order to maintain a focus on long-term capital improvements, it  was implementing new operating cost controls including job cuts that will bring staffing to the lowest level in 40 years.