Date: Aug 08, 2011
Press Release Number: 51-2011
The Building and Construction Trades Council of Greater New York (BCTC) today endorsed the toll increase proposed by the Port Authority of New York and New Jersey.
“On behalf of the 100,000 working men and women represented by our affiliated unions, we support this effort to give The Port Authority of New York and New Jersey the resources needed to maintain and improve its transportation infrastructure,” said Gary La Barbera, president of the Building and Construction Trades Council of Greater New York.
“Without this toll increase, 3,900 jobs will be lost and $483 million in Port Authority capital spending will not happen in 2011 alone,” he added.
In addition, the toll increase will help fund the PANYNJ's 10 year, $33 billion capital plan, which will generate more than 185,000 jobs, many of which are in construction.
“The Port Authority's history of investments in bridges, tunnels, mass transit and air travel has been essential to establishing our region as a global center of economic growth and job creation. We can't afford nothing less than continuing this strong tradition,” concluded La Barbera.
According to the BCTC, the construction industry in New York City has lost more than 20,000 jobs since 2008 and is suffering its highest unemployment in 13 years.
The Building and Construction Trades Council of Greater New York consists of local affiliates of 15 national and international unions representing 100,000 working men and women in the five boroughs of New York City.