Date: Nov 17, 2005
Press Release Number: 139-2005
The Port Authority Board of Commissioners today authorized agreements with area academic institutions to assist the agency in assessing and developing several regional transportation initiatives identified in the agency’s Vision for the Region 10-year strategic plan. The Board authorized entering into up to four agreements – two with New York and two with New Jersey academic institutions – for up to $600,000.
“Today’s investment is representative of our commitment to the long-term strategic planning that will be necessary to safely and efficiently move travelers and commuters far into the 21st century,” said Port Authority Chairman Anthony R. Coscia. “Our 10-year plan is a carefully conceived vision for the future of transportation in the metropolitan region, and its continued development will have tremendous impacts on everyone who lives and works here.”
Port Authority Vice Chairman Charles A. Gargano said, “Tomorrow’s levels of economic growth will be directly related to the regional planning decisions we make today. We must move forward aggressively but with a long-term plan in place. We look forward to working with the academic institutions to further develop our strategy to promote economic growth.”
Port Authority Executive Director Kenneth J. Ringler Jr. said, “By reaching out to academic institutions, we will be utilizing outside perspectives to aid the development of the agency’s long-term initiatives to support the region’s growth and prosperity, quality of life and competitive position in the global economy. While our efforts to date have been well-researched and documented, continued analysis and constant examination are necessary to maximize results.”
The Board action also authorizes the first two of these agreements. One contract, authorized at up to $200,000, will be with the Rutgers University Center for Advanced Infrastructure and Transportation. The Center will develop strategies to maximize the region’s dominant position in goods movement and sustain growth in the import distribution market. A second contract, authorized at up to $150,000, will be with New York University’s Rudin Center for Transportation Policy and Management. The Rudin Center will study the use of intelligent transportation technologies that mitigate congestion.
The remaining $250,000 will be divided among a New York institution and a New Jersey intuition for research and analysis in areas such as transit-oriented development opportunities and identifying workforce development needs for the region’s freight transportation industry.
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.