At its monthly meeting this afternoon, the Port Authority Board of Commissioners took the following actions:
- Authorized $2.5 million in planning for the demolition and relocation of two vehicle bridges in the aeronautical area at John F. Kennedy International Airport.
- Reauthorized a project for the consolidated Police, Crisis Command Center and Aircraft Rescue Firefighting Facility at LaGuardia Airport.
- Reauthorized a project for the rehabilitation of the 14th Street exit roadway and Jersey Avenue outside the Holland Tunnel in Jersey City.
- Authorized an additional $2 million in planning for the replacement and upgrade of PATH’s Substation No. 8.
- Authorized a Port Authority plan of financing, which provides for the cancellation of not yet issued Consolidated Bonds and Notes; authorization of 15 series of Consolidated Bonds and five series of Consolidated Notes; and the continued issuance of Port Authority Equipment Notes, Versatile Structure Obligations, Variable Rate Master Notes and Commercial Paper Obligations.
- Authorized, through the Committee on Finance, the issuance and sale of Consolidated Bonds and Notes, on a negotiated basis, up to an additional $1 billion through underwriter Citigroup Markets Inc., for capital expenditures in connection with the World Trade Center.
- Authorized the assignment of a Memorial Foundation trade contract with Forest Electric Corp. for the installation of all electrical equipment at the World Trade Center Memorial Museum Pavilion.
- Authorized the assignment of a Memorial Foundation trade contract with Sorbara Construction Corp. for the placement of structural concrete for the World Trade Center Memorial Museum Pavilion.
- Authorized the assignment of a Memorial Foundation trade contract with Port Morris Tile and Marble Corp. for the furnishing and installation of plaza pavers for the World Trade Center Memorial.
- Authorized the continued retention of Cushman & Wakefield for professional real estate and financial advisory services.
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; 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.