Port Authority Toll Hikes Key To Capital Projects: Reports

Law360, New York (September 19, 2012, 7:31 PM EDT) -- Controversial toll and fair hikes that the Port Authority of New York and New Jersey approved last year are key to funding capital projects for its network of bridges, tunnels and other regional transportation facilities, according to independent reports that the agency released Wednesday.

The increases scheduled to take effect during the next three years are necessary to meet capital plan funding requirements and will be critical to maintaining transportation infrastructure, according to the second installment of Navigant Consulting Inc.'s review of the bi-state agency's governance...
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