THE PORT AUTHORITY OF NY & NJ

Press Release Article


PORT AUTHORITY ANNOUNCES MORE THAN $200 MILLION APPROVED FOR INVESTMENTS IN PROJECTS AT FOUR AIRPORTS

Date: Dec 12, 2011
Press Release Number: 154-2011

New Actions Bring Total Port Authority Aviation Investment Authorizations

This Year to Nearly $1.5 Billion, with Creation of More Than 5,000 Jobs


Travelers at the Port Authority of New York and New Jersey’s four commercial airports will benefit from more than $200 million worth of infrastructure investments that will improve the movement of planes, passengers and baggage, helping to reduce airport delays while creating more than 500 construction-related jobs, under measures approved by the agency’s Board.

These projects bring the bi-state agency’s total 2011 authorized investment in aviation projects to $1.47 billion, with anticipated creation of more than 5,100 jobs.

Newark Liberty International Airport’s busiest runway, 4R-22L, will undergo a state-of-good-repair rehabilitation, which will include a new asphalt base on the 2-mile-long airstrip and electrical system work. This $42 million project also will include work on two new high-speed taxiways with new lighting and the realignment of two other taxiways to move planes more efficiently between runways and gates and reduce waits for passengers.

These projects will create approximately 270 jobs, while creating $15 million in wages and $64 million in overall economic activity.

Also at Newark Liberty, the Board approved a new 25-year lease with Continental Airlines Inc. on a three-acre parcel for the development and operation of a new wide-body aircraft maintenance hangar. Continental has agreed to invest at least $25 million in the hangar, while the project overall is expected to result in 210 jobs, $12 million in wages and $52 million in overall economic activity.

The Port Authority also committed $19.9 million to a terminal expansion at Stewart International Airport that will increase the facility’s size by more than 30,000 square feet and allow Stewart to eventually handle more than one million domestic passengers annually. The expansion creates a separate area for international passengers to be processed by Federal Customs and Border Protection Agents. Currently, domestic operations need to be suspended to accommodate planned international flights or those diverted to Stewart due to inclement weather elsewhere.

The expansion is expected to create approximately 120 jobs, including 50 construction-related jobs, with $33 million in economic activity over the project’s three-year span.

Port Authority Commissioners also authorized the agency to help offset nearly $74 million worth of expenditures at John F. Kennedy International and LaGuardia airports to install in-line baggage screening systems to improve the efficiency of U.S. Transportation Security Administration operations.

“The investments in Newark Liberty, JFK, LaGuardia and Stewart airports will create hundreds of construction jobs and boost economic activity for decades to come,’’ said Port Authority Chairman David Samson. “These airports serve as gateways to the region, and are critical to maintaining the region as a vibrant center of commerce and business activity.”

“Expanding Stewart Airport’s terminal is another major step toward the long-term development of this facility into a vibrant regional airport for passengers and cargo,” said Pat Foye, the Port Authority’s Executive Director. “This latest investment continues the ongoing enhancement of Stewart, the airport where ‘you’re home when you land’.”

“Our airports are one of the region’s biggest economic engines, and these investments today clearly show the Port Authority’s resolve to keep making improvements,’’ said Bill Baroni, the agency’s Deputy Executive Director. “The jobs totals from these projects and our total aviation investments speak volumes: We are helping to keep construction activity going in the New Jersey/New York region.”

“As operator of one of the world’s busiest airport systems, we recognize the importance of continued investment to make our airports as safe, reliable and efficient as possible,” Port Authority Aviation Director Susan M. Baer said. “Today’s announcement is a win for everyone, because it reinforces our commitment to our customers, strengthens our competitive position in the global marketplace, and puts people in this region to work.”

Among other major Port Authority aviation projects authorized this year are:

CONTACT:

The Port Authority of New York and New Jersey

Ron Marsico (212) 435-7777

The Port Authority of New York and New Jersey, which does not receive tax dollars from either state, 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 Brooklyn Piers/Red Hook Container Terminal; the Port Authority-Port Jersey 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