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Opportunity News: December 2014
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:
Some highlights of the overall 2015 Capital Budget include:
Commercial & Institutional
Highway Street & Bridge Construction
Poured Concrete Foundation
& Structure Contractors
Structural Steel & Precast
Site Preparation Contractors
Brick, Stone & Related Construction Material Merchant Wholesalers
Surveying & Mapping
(except Geophysical) Services
Security Guards & Patrol Services
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.
We look forward to working with you!