The Port Authority is also projecting to seed an additional $390 million for the now $2.05-billion AirTrain project at LaGuardia Airport and another $350 million for the Newark Liberty Terminal One redevelopment project, that now brings the overall development cost to $2.7 billion. In February 2018 the Board reauthorized this project because the total cost to complete the project increased by $350 million to $2.7 billion due to increasing construction costs.

The reassessment also provides $200 million in capital funding for the PATH Improvement Plan that calls for increased capacity on the Newark-WTC line by 40% and all other lines by 20% by 2022; a six-point plan to reduce system delays; and a series of actions to improve customer experience including full integration with the MTA's new tap-and-go fare payment system.

The Port Authority's reassessment also adds $50 million for electric vehicle infrastructure and another $35 million for planning for the Newark Liberty Airport Terminal Two project.

Of the proposed $4.8-billion capital plan funding increase, approximately $4.5 billion, or 94% of the increase, is projected to be funded by additional project-related revenues, including revenue increases from the following: terminal rents; airline cost recoveries; user fees; anticipated receipt of passenger facility charges; Hurricane Sandy recovery and airport improvement grants associated with certain projects.

The proposed capital plan funding reassessment will be presented to the Board of Commissioners at its meeting on Thursday with the recommendation that the Board finalize scheduled public hearings in New York and New Jersey in July.

The Port Authority also announced on Tuesday the first inflation-based toll increases to the agency's six bridges and tunnels that will result in the. increase of the cash toll rate at all Port Authority crossings from $15 to $16, as of Jan. 5, 2020. The proposal also makes changes to three other aspects of the toll schedule:  discounts for out-of-state E-ZPass accounts; the NY/NJ Staten Island Bridges discount program; and the Carpool Discount program.

In addition, the proposal addresses changes to PATH's fare structure with the PATH base fare remaining at its current $2.75 for a single trip, but reducing the discount for PATH multi-trip fares. The proposal also includes increases to the AirTrain fares at JFK and Newark, which have not changed since 2003 and 2005, respectively.