Date: Aug 08, 2011
Press Release Number: 66-2011
Lou Coletti, President of the Building Trades Employers Association, issued the following statement supporting the proposed increases in tolls to raise revenue for the Port Authority as a way to continue pursuing capital construction to keep New York’s economy strong.
“Transportation is critical to the growth and economic success of our region. Each time a commuter pays a toll, it’s like making an investment in the future of New York,” Coletti said. “This revenue will make possible many important infrastructure and maintenance projects and will create much needed jobs in the construction industry. More construction jobs have been show to boost all jobs and economic vitality, which is something we need in New York now more than ever.”
The toll increase is planned to go toward a proposed $33 billion 10-year capital plan to fund critical overhaul projects and generate more than 185,633 jobs, $42.7 billion in sales and $10.8 billion in wages. The new 10-year capital plan would fund the first-ever replacement of the George Washington Bridge steel suspender ropes in the bridge’s 80-year history; the replacement of the Lincoln Tunnel Helix; the construction of a new bus garage at the Port Authority Bus Terminal to relieve congestion in midtown Manhattan and in the Lincoln Tunnel; the replacement of the 100-year old PATH duct banks; and freeing other resources to replace the region’s two oldest airport terminals at LaGuardia and Newark.
The Port Authority of New York and New Jersey
Steve Coleman or Ron Marsico, 212 435-7777