THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY BOARD TAKES ACTION ON SEVERAL ITEMS
Date: Mar 27, 2008
Press Release Number: 31-2008
At its monthly meeting this afternoon, the Port Authority Board of Commissioners authorized the following:
- $5.7 million for planning and design services for the upgrade and expansion of PATH's Harrison Rail Station;
- a Memorandum of Agreement with the Metropolitan Transportation Authority for the Port Authority's participation in a West-of-the-Hudson Regional Transit Access Study, with a Port Authority funding commitment of up to $2.7 million. The study will explore ridership growth on the MTA's Metro North Port Jervis commuter rail line and will develop transit options to serve Stewart International Airport.
- a three-year agreement with the U.S. Department of Homeland security under which the Port Authority will manage and administer a $45.3 million federal port security grant for 2008;
- an agreement with the U.S. Army Corps of Engineers to conduct an independent assessment of the Port Authority's Bayonne Bridge;
- an agreement with Hudson County, N.J. to provide $250,000 in funding for a portion of the county's costs associated with the rehabilitation of the John F. Kennedy Boulevard Columbus Bridge in Jersey City, located above PATH rail tracks;
- an additional $4.2 million in planning for World Trade Center site planning and redevelopment. The increase will support ongoing project development efforts at the World Trade Center site;
- 1 World Trade Center LLC to allocate an additional $5.9 million for continued consultant services through December 2012 in connection with the design and construction of 1 World Trade Center, the Freedom Tower;
- a supplemental agreement with Atlantic Aviation Corp. to establish a fixed expiration date and the removal of lease obligations for the development of approximately 1.75 acres of land occupied by the Port Authority at Teterboro Airport;
- the revision of bus carrier fees for long distance bus operations at the Port Authority Bus Terminal and George Washington Bridge Bus Station and at the Journal Square Transportation Center in Jersey City;
- an agreement with Citigroup Global Markets Inc. to provide underwriting services to the Port Authority in connection with the sale of New York Liberty Bonds through the New York City Industrial Development Agency and other debt obligations to be issued by the Port Authority in connection with 1 World Trade Center, the Freedom Tower and the retail component of the World Trade Center site;
- 1 World Trade Center LLC, through its construction manager Tishman Construction Corp., to enter into a construction contract for hollow metal and finish hardware for 1 World Trade Center, the Freedom Tower;
- 1 World Trade Center LLC, through its construction manager Tishman Construction Corp., to enter into a construction trade contract for fire protection packages for Floors 22-88 of 1 World Trade Center, the Freedom Tower; and
- 1 World Trade Center LLC, through its construction manager Tishman Construction Corp., to enter into a construction trade contract for water-cooled air conditioning units for 1 World Trade Center, the Freedom Tower.
Port Authority of New York and New Jersey
Candace McAdams, 212 435-7777, email@example.com
Steve Coleman, 212 435-7777, firstname.lastname@example.org
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.