NEWARK - The Port Authority of New York and New Jersey board has approved toll and fares hikes on its bridges, tunnels and trains.

The agency approved a plan proposed by Gov. Chris Christie and New York Gov. Andrew Cuomo that called for more modest increases than originally proposed by the Port Authority.

Under the new plan, drivers will pay $1.50 more to enter New York from New Jersey starting next month. Smaller increases will continue yearly until 2015. Drivers without E-ZPass would have to pay $2 extra.

The $1.75 fare to ride the PATH train will increase 25 cents a year for four years.

The Port Authority's original plan would have more than doubled tolls for some motorists from $8 to $17 by 2014.

The agency says it recognizes it is asking for increases during tough economic times. But agency officials say delaying an increase would only mean paying more down the road.

Click here to read the full letter released by Gov. Christie's office

NJ, NY governors release revised toll proposal