1. Capital Plan performance is assessed quarterly.
2. 2015 Actuals are through 1st Quarter.
3. Actual costs shown are preliminary unaudited results.
2014 Summary – Year End:
The budget for 2014 included 372 active projects with planned spending of $4.23 billion. In 2014, the Capital Plan experienced a record year of spending of nearly $3.6 billion. This was the Port Authority’s largest annual expenditure on infrastructure improvements in the past decade; and an increase of nearly $600 million over 2013, representing the Agency’s ambitious capital agenda. Overall, the Agency achieved 96% spending when adjusted for WTC’s forecast reduction reported in July. The Departments achieved their planned spending because of the acceleration of the following key projects:
•    PATH - Signals Replacement
•    JFK - Rehabilitation of Runway 4L-22R
•    EWR – Rehabilitation of Runway 4L-22R
2015 Summary – 1st Quarter:
Spending on Capital projects during the 1st Quarter was just over $432 million, which represents approximately 12% of the total $3.6 Billion planned tor 2015. Since 57% of our active portfolio projects are in the construction phase, the adverse winter weather conditions affected our spending. Specifically the number of days below freezing and lingering ice conditions affected construction activities such as the installation of pre-fabricated concrete and steel components. However, the departments are working with the contractors to meet plan by year-end.