Toll Hike To Fund NY/NJ $45B Redevelopment Plans

Driving to New York is about to become more expensive.

On Thursday, the Port Authority of New York and New Jersey Board of Commissioners approved a record $45 billion plan to improve infrastructure, create more air and bus terminals, and enhance overall transportation in the region.

In order to do so, however, the agencies approved increased toll prices for commuters entering New York.

Starting Jan. 4, tolls for all bridges and tunnels under the Port Authority’s jurisdiction will see a three percent increase. This includes the Lincoln and Holland tunnels, the George Washington, Bayonne & Goethals bridges, and the Outerbridge Crossing.

See the chart below for a full scope of the toll pricing heading into 2026:

In addition to increasing the tolls, officials will be rolling out plans to terminate E-ZPass discounts for cars and motorcycles during off-peak hours. The discounts are planned to be fully phased out by 2030.

It’s worth noting that these tolls are only collected by drivers heading into New York, not those driving into New Jersey.

The $45 Billion Plan

The recently approved 2026-2035 Capital Plan will address both ongoing projects as well as new ones.

The plan rides on the tailcoats of Port Authority’s 2017-2026 Capital Plan, which funded projects including Newark’s revamped Terminal A, a major facelift on LaGuardia, and more.

Here’s what the 2025-2035 plan will focus on, according to Port Authority:

• “A new, iconic Midtown Bus Terminal to replace the outdated existing 75-year-old terminal
• Completion of a new world-class aviation hub at John F. Kennedy International Airport and a major upgrade of the AirTrain JFK system
• A transformed Newark Liberty International Airport anchored by a new best-in-class Terminal B, a new AirTrain Newark, and the further implementation of the EWR Vision Plan
• Preserving LaGuardia Airport’s landmarked Marine Air Terminal while dramatically upgrading the attached non-landmarked 1980s-era concourse and boarding area in Terminal A
• A new era for PATH, with major service increases: more direct service, more frequency, and better reliability.”

Additionally, Port Authority officials say that the 2026-2035 plan will create more than 50,000 jobs, including 33,000 union construction jobs, "generating significant economic activity across the bi-state region."

“The Board’s approval of this capital plan sets in motion a historic decade of activity for the Port Authority and for the region we serve,” said Port Authority Chairman Kevin O’Toole. “We are charting the next phase of a century-old mission defined by dreaming big, solving hard problems, and connecting millions of people to opportunity. This plan builds on the trust and momentum earned by delivering complex projects to a world-class standard. Through this visionary plan and the transformative work we continue to do, we are setting a new standard for the region and raising the bar for what public agencies can accomplish.”