THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY BOARD TAKES ACTION ON SEVERAL ITEMS
Date: Jun 30, 2008
Press Release Number: 64-2008
At its monthly meeting this afternoon, the Port Authority Board of Commissioners authorized:
- The certification of the Access to the Region’s Core project, formerly known as “THE Tunnel,” as an additional facility of the Port Authority as required by the Port Authority’s bond covenants. Also authorized the Port Authority’s participation in the ARC project at $3 billion as stipulated in the agency’s 2007-2016 Capital Plan.
- A $45 million increase in authorized spending for the Terminal B Modernization Program at Newark Liberty International Airport, bringing the total project authorization to $324.6 million. Also authorized the award of a contract to URS Corporation for expert professional architectural and engineering services in connection with the project, and an amendment to the Passenger Facility Charge application to generate an additional $30.5 million for the program.
- $5.5 million for planning and preliminary design services for the construction of emergency egress stairs at PATH’s Exchange Place Station in Jersey City.
- $6.5 million for planning and preliminary design services for the upgrade and expansion of PATH’s Grove Street Station in Jersey City, including the expansion of the station’s platforms to accommodate future 10-car train operations.
- Agreements with ELRAC, doing business as Enterprise Rent-a-Car, for a 10-year lease for Building 69 at John F. Kennedy International Airport.
- Phase One of the Newark Liberty International Airport Terminal A and B Concessions Program, which provides for 14 new lease agreements ranging from five- to seven-year terms for the operation of various concession establishments.
- Through approval from its Committee on Operations, reimbursement to the Trust for Public Land for the cost to acquire an interest in a .65-acre property known as Idlewild Marsh in Queens, N.Y.
Port Authority of New York and New Jersey
Steve Coleman, 212 435-7777, email@example.com
The Port Authority of New York and New Jersey operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia, Stewart International and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge and Bus Station; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit system; the Port Authority-Downtown Manhattan Heliport; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan.
The Port Authority is financially self-supporting and receives no tax revenue from either state.