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The Port Authority of New York and New Jersey (PANYNJ) board last week approved $5 billion in additional capital spending, including funding for rail projects.In its biennial reassessment of its 2017-2026 capital plan, the board approved funding for a new AirTrain shuttle to Newark Liberty International Airport, additional spending for AirTrain LaGuardia and the addition of three new projects, including a Port Authority-Trans Hudson (PATH) improvement plan.The funding increases were proposed earlier this year. The vast majority of the spending increases will be funded with incremental project revenue, PANYNJ officials said in a press release.The reassessed capital plan provides for a new AirTrain Newark for $2.05 billion. The new project replaces the planned spending of $300 million to keep the old AirTrain in a state of good repair. This major new commitment is in direct response to a request from New Jersey Gov. Phil Murphy. The proposal targets construction to start in late 2020 or early 2021, authority officials said.Additionally, the reassessed capital plan calls for $2.05 billion for the AirTrain LaGuardia project, which entails construction of an AirTrain route to serve the airport. As for the PATH improvement plan, the reassessed capital plan now calls for $200 million to go toward three core elements: increased capacity on the Newark-World Trade Center line by 40 percent and all other lines by 20 percent by 2022; a six-point plan to reduce system delays; and various actions to improve the rider experience, including full integration with the Metropolitan Transportation Authority's new tap-and-go fare payment system.