THE PORT AUTHORITY OF NY & NJ

Press Release Article


MEDIA ADVISORY - PORT AUTHORITY TO BRIEF MEDIA ON FINDINGS OF TWO INDEPENDENT CONSULTING FIRMS ON AGENCY’S OPERATIONS AND ONGOING REFORM INITIATIVES

Date: Sep 18, 2012
Press Release Number: 125-2012

Navigant and Rothschild Release Follows Interim Review Released in February

The Port Authority will hold a conference call at 1:00 p.m. on Wednesday, September 19, to brief media on the findings of two leading and independent consultants following their comprehensive reviews of the Port Authority’s operational and financial structure. The agency’s leadership will discuss the findings of the Navigant Consulting and Rothschild, Inc. reports and outline its roadmap for change.

The agency requests that media pre-register for the conference call. To RSVP, email sjoren@panynj.gov. You will need to provide your name, outlet, phone number and email address to register and to participate in the call.

The Port Authority will e-mail materials prior to the conference call to confirmed participants. Late RSVPs received after 12:30 p.m. will not receive the materials until after the conference call adjourns. Following’s leadership’s discussion, there will be a brief question and answer session. The dial-in number for the call is 800-288-8960.

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.