THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY TO HOLD ONLINE PUBLIC HEARING ON TOLL AND FARE INCREASE PROPOSAL
Date: Dec 10, 2007
Press Release Number: 109-2007
The Port Authority will hold an online public hearing on its toll and fare increase proposal at 11 a.m. on Monday, December 17. It is the first time the agency has held an online hearing to gather public comment on an issue.
The online hearing can be accessed on the home page of the Port Authority’s Web site – www.panynj.gov. It will begin with a brief presentation about the Port Authority’s toll and fare proposal. Following the proposal, comments will be accepted.
Last month, the agency submitted to its Board of Commissioners a plan to raise additional revenue needed to pay for nearly $30 billion in critical transportation and security projects during the next 10 years. The proposal included an adjustment in tolls and fares at the agency’s four bridges and two tunnels and on its PATH rail system.
The agency last adjusted tolls in March 2001. Prior to that, the last adjustment was in 1991.
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, Stewart International 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.