Port Authority's new budget holds line on tolls

NEW YORK

The Port Authority of New York and New Jersey on Tuesday approved a $7.2 billion budget that holds the line on tolls and will eliminate 200 jobs through attrition next year.

Commissioners approved a $98.1 million project to rehabilitate the helix leading to the Lincoln Tunnel. Plans call for reinforcing and resurfacing the seven-lane roadway beginning next fall. The work is expected to end by 2015.

Lane closures are expected.

The budget also calls for spending $247 million for new PATH rail cars and a signal system.

Some $595 million that was earmarked for the rail tunnel project that was scuttled by Gov. Chris Christie remains unspent.

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