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The Port Authority of New York and New Jersey is a "trailblazer" in public-private partnerships, and P3 investors hope to see more action in U.S. airports.

Pandemic or not, major projects must continue, say New York Gov. Kathy Hochul and the Port Authority.

POLITICO Get the New York Playbook newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by Uber Driver Stories There are now 6,147 people hospitalized for Covid-19 in New York state, a level not seen since the middle of May. For weeks now, the mayor and the governor have been warning every day that things are getting...

Updated Dec. 17, 2020 7:00 pm ET The Port Authority of New York and New Jersey on Thursday approved a 15% reduction in spending for 2021 because of budget cuts and delays caused by the coronavirus pandemic. Libby McCarthy, the Port Authority’s chief financial officer, told commissioners that the bistate transportation agency has lost $1.5 billion in revenue so far because of the pandemic and expects to have lost a total of $3 billion through March 2022. Ms. McCarthy said the agency has slowed spending for capital projects not already in construction and is reviewing its long-term sp...