New York, New Jersey Port Authority Finds Balance in Funding Two Projects.(Knight Ridder/Tribune Business News)

From: Knight Ridder/Tribune Business News | Date: December 15, 2000| Author: | Copyright information

Dec. 15--Hoping to avoid charges of favoring one state over the other, the Port Authority of New York and New Jersey has prepared a 15-year, $23 billion spending plan that attempts to walk an even line between the states.

The plan is to make sure that by 2015 Port Authority projects totaling $7.3 billion in each state will be funded. The remaining $8.4 billion will go for bridges, tunnels and PATH improvements that aid both steps.

"There is a reasoned attempt to be fair to both states and to make sure both states are satisfied with the way the Port Authority spends its ...

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