Ports on the East Coast, including New York, are scrambling to prepare for larger ships that will be in use once the Panama Canal is expanded in 2014.
A new Port Authority plan will slash tolls by as much as 50 percent on the Goethals and Bayonne Bridges and the Outerbridge Crossing.
Drivers who commute five times a week over the Goethals and Bayonne Bridges and Outerbridge Crossing can save nearly $1,200 a year on their E-ZPass rush hour tolls, and $1,800 a year off the cash tolls.
Commuting by car got a bit less attractive in 2011.
The Port Authority of New York and New Jersey plans to spend more than $2 billion on building the new World Trade Center next year, and New Jersey Gov. Chris Christie is continuing his criticism of the agency.
Are Port Authority toll hikes being used to rebuild the World Trade Center? That’s what the agency claimed when it argued for the increases. But court documents filed by the Port Authority conflict with that statement.
Cash tolls on the George Washington Bridge, Holland Tunnel, Lincoln Tunnel, Goethals Bridge, Bayonne Bridge and Outerbridge Crossing went up from $8 to $12 on Sunday.
Commuters are paying as much as 50 percent more to cross bridges and tunnels as the Port Authority’s controversial toll and fare hikes took effect.
The Port Authority passed hefty toll and fare hikes on Friday. But instead of raising them all at once, commuters will be hit with five yearly increments.
Governors Chris Christie and Andrew Cuomo are riding to the rescue of people who use the PATH trains and the river crossings, including the Holland and Lincoln tunnels and the George Washington Bridge.
The Port Authority board is slated to vote on a massive proposed toll and fare hike. After that, it heads to the governors of New Jersey and New York.
The agency says it needs the additional revenue the hikes will generate to pay for a new 10-year capital investment plan, maintain security, and complete the over-budget World Trade Center.
The Port Authority said the additional revenue is necessary to pay for new bus projects and much-needed fixes for bridges, roads and airports.
New Jersey Gov. Chris Christie is putting in his two cents when it comes to the proposed massive toll and fare hike from the Port Authority of New York and New Jersey.
“These increases will raise costs on families, hinder economic development, and raise the costs of doing businesses in a region which is expensive enough,” New York State Senator Charles Fuschillo, Jr. said.