THE PORT AUTHORITY OF NY & NJ

Press Release Article


2003 – A SUCCESSFUL YEAR FOR PORT AUTHORITY AND REGION

Date: Jan 06, 2004
Press Release Number: 1-2004

Achievements Include Completion of Major Transportation Projects At World Trade Center Site, John F. Kennedy International Airport, Exchange Place


When the ball dropped in Times Square on December 31, it marked the end of a year of great progress for the Port Authority, which in 2003 completed major transportation and economic development projects critical to movement of people and goods throughout the region. Many of the projects also will help boost the regional economy.

Highlights of 2003 included:

The agency was able to complete all of these projects and make progress on others without the need to raise bridge and tunnel tolls and PATH fares.

New Jersey Governor James E. McGreevey said, “The type of projects the Port Authority completed in 2003 demonstrates the range and depth of the agency’s responsibilities and its importance to New Jersey and the entire region. Projects at PATH, the three major airports, the tunnels and bridges, and the port are all critical to the region’s economic recovery and our ability to grow jobs and improve our citizens’ quality of life.”

New York Governor George E. Pataki said, “The Port Authority suffered a devastating blow after the attacks on the World Trade Center just two years ago. The accomplishments of the Port Authority since that time – and particularly last year with the reopening of PATH service to Lower Manhattan and the opening of the AirTrain – are a testament to the very resilience those terrorists sought to destroy. The spirit of the people of New York and the region will continue to rebuild and move forward, while never forgetting the heroes we lost that awful day.”

Port Authority Chairman Anthony R. Coscia said, “For the Port Authority, last year was one of great challenges, but also one of great progress. Under the strong leadership and cooperation of Governors McGreevey and Pataki, the agency has continued to make the investments in the regional transportation network that are essential to the economic success of the region and that will have a lasting, positive impact for our people and our future.”

Port Authority Vice Chairman Charles A. Gargano said, “The Port Authority is in the midst of the largest capital program in the agency’s history. In 2003, the agency’s capital spending was at record levels. Each dollar spent on these major infrastructure projects results in an improved transportation or economic development facility and also generates construction, service and other jobs supporting the economies of New York and New Jersey. Thousands were employed throughout the region in 2003 because of these projects.”

Port Authority Executive Director Joseph J. Seymour said, “Governors Pataki and McGreevey set an aggressive agenda for the Port Authority in 2003. Through their leadership and support we were successful in delivering several important projects to the region. Several important challenges lay ahead of us: most importantly, helping to rebuild lower Manhattan, improving security and enhancing efficiency and reliability at all of our facilities. Our success this past year demonstrates that the Port Authority has the ability to meet these challenges and succeed.”

Other projects completed and programs implemented in 2003 included:

Lower Manhattan

Airports

Tunnels, Bridges and PATH

Marine Terminals

Regional Programs

The Port Authority of New York and New Jersey operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit rail system; the Downtown Manhattan Heliport; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan. The Port Authority is financially self-supporting and receives no tax revenue from either state.