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N.Y. N.J. Port Authority chief, Foye to step down

In a memo Thursday to the agency’s staff, Foye said he would withdraw from consideration to become the authority’s new CEO, a position created in the aftermath of the George Washington Bridge lane-closure scandal of September 2013.

FTA releases $3.7B more Sandy relief for transit

Will help the four major transit agencies in New York and New Jersey that sustained the greatest damage from Hurricane Sandy. Nearly one-third of the money is set aside to help the agencies begin investing in resiliency projects to help ensure that their transit assets are better able to withstand future disasters, such as major floods.