THE PORT AUTHORITY OF NY & NJ

Press Release Article


PA PROPOSES RECORD LEVEL OF SECURITY INVESTMENTS FOR 2006; BISTATE AGENCY’S SECURITY COSTS THIS DECADE APPROACH $3 BILLION

Date: Oct 20, 2005
Press Release Number: 123-2005

Security Spending Since 9/11 Will Average Nearly $470 Million Per Year by 2006


The Port Authority today proposed a record total of more than $625 million in security operating and capital expenditures for 2006, which would bring total security expenditures by the agency to more than $2.3 billion since 9/11, and nearly $2.9 billion since the start of 2000.

Operating security expenditures – accounting for nearly $400 million in spending this year and projected to increase to more than $440 million in 2006 – support the Port Authority Police Department; the agency’s Office of Emergency Management; and other security personnel who protect customers at the agency’s facilities.

The agency also has a record capital security program under way. The agency’s 2003-2007 Capital Plan includes nearly $500 million in funding to enhance security through the use of state-of-the-art technology and other initiatives throughout the Port District. Projects include:

“We have worked diligently to ensure the highest levels of security since 9/11, and our investments reflect that commitment,” Port Authority Chairman Anthony R. Coscia said. “Over the last several years, we have made a host of security enhancements and improvements at our airports, bridges, tunnels, terminals, PATH and seaports, yet we recognize our work in this important area continues to evolve. Our 10-year strategic plan aggressively seeks ways to protect customers who use our facilities and cargo that is transported through the region’s waterways, airways, roadways and railways.

“It’s important to note that we receive limited funding from outside sources such as the federal government, with the lion’s share of costs being covered directly by the Port Authority,” the chairman added. “And the cost of funding operational and capital security initiatives will only grow in future years, along with the agency’s financial commitment.”

Port Authority Vice Chairman Charles A. Gargano said, “Although revenues have declined and we have been operating under tight financial strictures since 9/11, there will be no compromise on our security program. We have undertaken a number of security-risk assessments since the terrorist attacks and have planned accordingly to ensure we do all we can to make safety and security our No. 1 priority.”

Port Authority Executive Director Kenneth J. Ringler Jr. said, “The most ambitious security spending program in the agency’s history has helped us to better protect our customers. The Port Authority Police Department is operating at an all-time high in staffing, and their fine work is supplemented in a variety of ways – in many cases with additional personnel, but also through the use of innovative and cutting-edge technological enhancements. While the cost of providing the highest levels of security has placed considerable pressure on our bottom line, we believe this expense cannot be spared, and we will continue to take that approach as we move forward.”

The Port Authority has been a national leader in the implementation of security initiatives, having volunteered to participate in numerous research and development programs, and partnering with the U.S. Transportation Security Administration, the U.S. Department of Homeland Security, the U.S. Department of Energy and private enterprise to address security needs for its facilities.

Operating and capital expenditures have increased dramatically since 9/11. The proposed total for operating expenditures next year – $442.9 million – is nearly 100 percent higher than the $227.1 million the agency spent in 2000. The proposed total for capital expenditures in 2006 – $183 million – represents an increase of nearly 25 times the $7.4 million spent in 2000. Taken together, the operating and capital expenditures proposed for next year are 167 percent higher than the total spent in 2000.

YearOperating ExpendituresCapital ExpendituresTotal
2000$227.1$7.4$234.5
2001$279.3 $7.8$287.1
2002$377.9$27.5$405.4
2003$338.1$44.8$382.9
2004$369.0$49.0$418.0
2005$395.2 *$119.6 * $514.8 *
2006$442.9 ** $183.0 **$625.9 **
2000-2006$2,429.5$439.1 $2,868.6
(All Dollar Figures are in Millions)
*-Estimate
**-Proposed


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 Container 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.