The Massachusetts Port Authority voted Thursday to approve a business plan and budget for fiscal year 2015 of $623 million, a 5-percent increase, or $31 million more than the previous year.
“The plan will fund Massport’s commitment to key areas such as safety and security, supporting neighboring community programming, improving the customer experience at all Massport facilities, and continuing to attract new international and domestic service to propel the region’s economic growth,” the port authority said in a statement.
The largest capital expenditure in Massport’s budget is for the new Thomas J. Butler Freight Corridor, which will remove Conley Container traffic from residential areas in South Boston, and when completed will have cost $70 million.
Massport approves FY2015 budget
