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The Port Authority of New York and New Jersey (PANYNJ) has adopted its 2020 budget.In a vote last week, the board approved a $3.4 billion budget for operating expenses and a $3.6 billion budget for capital expenses. The operating budget increased 1.9 percent over the 2019 budget, PANYNJ officials said in a press release.The capital budget includes funding for multiple major projects to rebuild and replace the agency’s legacy facilities with state-of-the-art infrastructure, as well as a large set of projects to maintain assets in a state of good repair and improve resiliency in the post-Hurricane Sandy era. Among major items in the capital budget are:• $1.5 billion to redevelop the agency's airports, including planning and design for the AirTrain LaGuardia project;• $389 million for the Port Authority Trans-Hudson (PATH) rail system, including funds for the continuation of station and equipment programs and $43 million for PATH's signal system replacement program;• $310 million for Hurricane Sandy projects, including the rehabilitation of PATH substations and tunnels, aviation airfield lighting rehabilitation, and the Holland Tunnel’s latent salt damage mitigation program;• $50 million for Port of New York and New Jersey projects, including $32 million to support construction and design activities at port facilities, completion of the Global Intermodal Container Transfer Facility, an environmental review for the Cross-Harbor Freight Movement Program, and analysis and planning for critical wharf reconstruction work.