Dive summary:

• The Port Authority of New York and New Jersey will spend $1.5 billion on a 40-year design-to-maintenance project to replace the 81-year-old Goethals Bridge that connects Staten Island, N.Y., to Elizabeth, N.J.m its first new span since the George Washington Bridge.
• The authority voted for the project along with a $743.3 million plan to build a higher Bayonne Bridge roadway while the existing one remains open, thus accommodating deeper-draft ships that will use the improved Panama Canal.
• Also on the agenda was a relatively minor project – $35 million – to repave the Outerbridge Crossing that connects the island and Perth Amboy, N.J.

From the article:

In what’s reportedly the first true PPP for a surface transportation project in the Northeast, the Port will maintain control of the new Goethals Bridge while having access to private-sector construction and maintenance expertise as well as private capital. ...