THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY AUTHORIZES $17.1 MILLION IN INVESTMENTS
AT THREE MAJOR AIRPORTS
Date: Oct 20, 2005
Press Release Number: 120-2005
The Port Authority Board of Commissioners today authorized $17.1 million in capital improvements at John F. Kennedy International, Newark Liberty International and LaGuardia airports. The initiatives range from roadway improvements to runway repairs and other projects that will enhance the operating environment at the airports.
“Our 10-year strategic plan calls for continued robust investments in our airport system,” said Port Authority Chairman Anthony R. Coscia. “In order to maintain a world-class airport system that safely and efficiently serves more than 100 million passengers a year, we must continue to be bullish in our approach to investing at our airport facilities.”
Port Authority Vice Chairman Charles A. Gargano said, “These are investments in the economic vitality of our region. The Port Authority airport system is responsible for generating more than $20 billion in wages and $57 billion in annual economic activity in the New York-New Jersey metropolitan region, so it is critical that we ensure our airport system continues to grow as an economic engine.”
Port Authority Executive Director Kenneth J. Ringler Jr. said, “The items approved by the Board today will bolster our nonstop efforts to make traveling through our airports a better experience for our customers. We will continue to identify upgrades and state-of-good-repair work to increase each airport’s effectiveness.”
The investments at the three airports include:
- $2.1 million to increase roadway safety and improve vehicular traffic flow at ten locations at JFK. The enhancements will change roadway alignments, upgrade traffic signals and signage, modify pavement markings and install roadside barriers.
- $9 million to retain contractors to complete work as necessary at Newark Airport. This contract will allow for minor repairs of infrastructure to be completed on a more immediate basis without going through the normal contracting process to complete each job as the contractors already have been retained.
- $6 million for runway repairs at LaGuardia Airport. The work will maintain the airport’s runway decks in a state of good repair.
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 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; the Port Authority-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.