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Opportunity News: December 2014

Port Authority Board Adopts 2015 Operating and Capital Budgets

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On Wednesday December 10, 2014, the Port Authority Board of Commissioners adopted a fiscally responsible $2.9 billion Operating Budget and a $3.6 billion Capital Budget that funds critical infrastructure at the agency’s airports, tunnels, bridges, port facilities, PATH system, and World Trade Center site.

Combined, the budget for 2015 totals $7.8 billion, which includes debt service.

The Capital Budget will support 7,320 direct job-years and direct payroll wages of $674.7 million. Including indirect and induced effects, the total economic activity impact amounts to 16,730 total job-years, $1.1 billion in wages, and $4.7 billion in economic activity.

Some additional noteworthy points:

The $2.9 billion Operating Budget continues to hold expense growth for ongoing agency operations to 1.8 percent – at or below the rate of inflation for the 9th consecutive year. While reflecting the agency’s continued fiscal discipline, the Operating Budget allows for increased investments in several critical areas including facility maintenance and initiatives to enhance the competitiveness of the agency’s facilities.

The $3.6 billion Capital Budget will help build and maintain critical infrastructure at the Port Authority’s airports, tunnels, bridges, terminals, ports, PATH system and move toward completion of the World Trade Center site. Of the total Capital Budget:

  • $1 billion is dedicated specifically for investment in the region’s interstate transportation system including tunnels, bridges and terminals, and PATH.
  • An additional $778 million is dedicated to airport terminal development, runway and taxiway improvements, security enhancements.
  • An additional $153 million is earmarked for Port Department state-of-good-repair projects and the redevelopment of the Greenville Yard site in Jersey City.
  • An additional $1.6 billion is budgeted to complete construction of projects at the World Trade Center site, including the Transportation Hub and retail establishments.

Some highlights of the overall 2015 Capital Budget include:

  • $329 million for state of good repair work on airport runways and taxiway reconstruction.
  • $271 million for continued construction of the Bayonne Bridge “Raise the Roadway” project.
  • $260 million of Port Authority funded work for the LaGuardia Airport Central Terminal Building project.
  • $212 million for John F. Kennedy International Airport runway and taxiway rehabilitation.
  • $35 million to modernize PATH stations, including the Harrison PATH Station.
  • $35 million of Port Authority funded work as part of the ongoing $1.5 billion public-private partnership for construction of a new Goethals Bridge.
  • $36 million for continued redevelopment of the George Washington Bridge Bus Station.
  • $28 million to build a new ExpressRail system at Greenville Yard in Jersey City that allows cargo to be moved by rail.
  • $16 million for the Port Authority Quality of Commute improvement program.
  • $13 million for Terminal A redevelopment at Newark Liberty International Airport.
  • $6.4 million for planning work for the PATH extension to Newark Liberty International Airport.

Opportunities for DBEs
ACROSS an array of industries

As PANYNJ works toward increasing the resiliency of existing and future facilities, it's also working to create business opportunities for qualified DBEs, including these NAICS codes:

Commercial & Institutional
Building Construction

Highway Street & Bridge Construction

Poured Concrete Foundation
& Structure Contractors

Structural Steel & Precast
Concrete Contractors

Masonry Contractors

Roofing Contractors

Electrical Contractors

Site Preparation Contractors

Brick, Stone & Related Construction Material Merchant Wholesalers

Engineering Services

Surveying & Mapping
(except Geophysical) Services

Security Guards & Patrol Services

Learn More

Interested in learning more?

Be sure to visit "View Open Solicitations" on a regular basis to spot the opportunities that might be right for your DBE.


Are you prepared to be part of our region's future?

PANYNJ is proactively increasing the resiliency of existing and future facilities. We welcome your interest as a DBE in playing a key role in efforts to weather future climate events and plan for tomorrow's emergency needs today.

Click for details on currently available opportunities or here to use our on-line application to apply for DBE certification.

We look forward to working with you!

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