THE PORT AUTHORITY OF NY & NJ

Press Release Article


APM TERMINALS SUPPORTS PORT AUTHORITY PLAN TO RAISE THE BAYONNE BRIDGE AHEAD OF SCHEDULE

Date: Jul 23, 2012
Press Release Number: 103-2012

APM Terminals operates a Global Port, Terminal and Inland Services Network of 24,000 employees in 64 countries

STATEMENT BY BRIAN E. CLARK, MANAGING DIRECTOR OF APM TERMINALS PORT ELIZABETH:

We are pleased to receive the news from the Port Authority of New York and New Jersey that the completion date of the Bayonne Bridge project has been advanced by six months to coincide with the start of commercial operations at the widened Panama Canal. Infrastructure projects, such as this, are of critical importance to our nation and to our customers who call the Port. We thank the leadership of the Port Authority of New York and New Jersey, along with Governors Christie and Cuomo for their ongoing support of the Port.

CONTACT:
Steve Coleman
212 435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where construction crews are building the iconic One World Trade Center, which is now the tallest skyscraper in New York. The Port Authority receives no tax revenue from either the state of New York or New Jersey or from the City of New York. The agency relies on revenues generated by facility users, tolls, fees and rents as well as loans, bond financing, and federal grants to fund its operations. For more information, please visit http://www.panynj.gov.