At its monthly World Trade Center meeting this morning, the Port Authority Board of Commissioners authorized:
- The Executive Director to provide Port Authority funding of $80 million for the design and construction of the Metropolitan Transportation Authority's Cortlandt Street No. 1 line subway station, which is on the World Trade Center site. The funding is contingent on an agreement with the Federal Transit Administration to transfer existing federal funding of $70 million in additional funds assigned to the No. 1 line station from the MTA to the Port Authority, and the reallocation of federal grant funds currently allocated to the World Trade Center Vehicle Security Center to the World Trade Center Transportation Hub project.
- Agreements with a total value of $42.46 million that will provide for the structural rehabilitation of the South Projection, which serves as the entry point for PATH trains onto the World Trade Center site, and houses mechanical and electrical equipment critical for PATH operations.
- 1 World Trade Center, LLC, through its construction manager Tishman Construction Corporation, to enter into contracts with Airflex Industrial, Inc., and American Architectural Inc., for architectural metal work in One World Trade Center.
- 1 World Trade Center, LLC. Through its construction manager Tishman Construction Corporation, to enter into a contract with Port Morris Tile and Marble Corporation for stonework and ceramic tile in One World Trade Center.
- $17.825 million for additional architectural and engineering services to accommodate design revisions and a longer construction duration for One World Trade Center.
- A $4 million planning increase for ongoing project development efforts for World Trade Center site planning and design coordination through March 2010 due to recommendations in the October 2008 World Trade Center Assessment Report.
- Assignment of a Memorial Foundation trade contract with Post Road Iron Works for metal and stair work, and a partial assignment of the construction management contract with Bovis Lend Lease for related services.
- $51.8 million to assist the Port Authority in addressing post-assessment changes for the World Trade Center site and delivering on dates committed to in the October 2008 World Trade Center Assessment Report.
The Port Authority of New York and New Jersey
Steve Coleman, 212 435-7777
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; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Port Authority Auto Marine Terminal; the Brooklyn Piers/Red Hook Container Terminal; the Greenville Yard-Port Authority Marine Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan and is a partner in the Access to the Region's Core tunnel project.