THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY BOARD TAKES ACTION ON SEVERAL ITEMS
Date: Jul 23, 2009
Press Release Number: 95-2009
At its monthly meeting this afternoon, the Port Authority Board of Commissioners authorized:
- A long-term lease agreement with NJ Transit for the Port Authority to use 15,790 square feet of space at the historic Hoboken Ferry Terminal rent-free through June 30, 2069, and provides for payment of the Port Authority’s remaining commitment of $23 million to NJ Transit towards the rehabilitation of the terminal.
- Two actions that would consolidate auto-processing on the north side of the Port Newark Channel, including a new lease with FAPS, Inc. for a 201-acre site on the north side of the Port Newark Channel and the integration of WWL Vehicle Services Americas, Inc.’s (WWL) auto processing operation into FAPS’ new leasehold; and the surrender and termination of WWL’s existing lease of 60 acres at the Elizabeth-Port Authority Marine Terminal.
- The expenditure of an additional $500 million of the Port Authority’s $3 billion commitment towards the Access to the Region’s Core Mass Transit Tunnel project.
- The transfer of certain property interests to advance the rehabilitation of Baldwin Avenue in Weehawken, New Jersey including an easement on certain Port Authority property to facilitate the work.
- Agreements with the New Jersey Department of Transportation, CSX Transportation Inc., and Norfolk Southern Railroad Company for the Port Authority to administer a $3 million program for the retrofit of two diesel switcher locomotives with ultra-low emitting GENSET technology for use by Conrail, which would be jointly funded with the railroads and federal grant funds.
- Phase I of the World Trade Center retail project for the design and construction of retail portions of 1 World Trade Center at a total project cost of $55 million.
- An increase of $22.5 million for several existing World Trade Center construction trade contracts to perform design and construction work primarily on behalf of the World Trade Center Retail project.
- 1 World Trade Center LLC, through its construction manager Tishman Construction Corporation, to enter into a contract with IBK Fibertek/DCM Erectors, Inc., for the radome, the architectural element designed to encase the 408-foot antenna on top of One World Trade Center.
- Through its Committee on Operations, authorized a memorandum of agreement with Essex County, New Jersey for the Port Authority to provide up to $7 million towards the County’s acquisition of certain property located in Newark, New Jersey as part of the Port Authority’s Hudson-Raritan Estuary Resources Program.
Port Authority of New York and New Jersey
Steve Coleman, 212 435-7777
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; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Port Authority Auto Marine Terminal; the Brooklyn Piers/Red Hook Container Terminal; the Greenville Yard-Port Authority Marine Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan and is a partner in the Access to the Region’s Core tunnel project.