Date: Aug 08, 2011
Press Release Number: 56-2011
Statement from Thomas K. Wright, Executive Director, Regional Plan Association:
Transportation infrastructure is the lifeblood of the regional economy of the New York/New Jersey metropolitan region. For ninety years, The Port Authority of New York and New Jersey has helped the region’s economy grow by investing in the systems that connect us to each other and the rest of the world. The Port Authority generates funds from the facilities it operates, and then reinvests these funds in projects with strong regional and interstate benefits to maintain and expand our infrastructure and economy.
Regional Plan Association supports today’s announcement that the Port Authority will be increasing tolls on the Hudson River crossings it owns and operates. A robust capital plan must allow our port to continue to receive goods from around the world; maintain our tunnels and bridges; increase capacity at our airports; and repair our road and transit network. Particular attention must be paid to expanding capacity across the Hudson River, which will handle increased demand over the coming years.
While public attention has been appropriately focused on the redevelopment of Lower Manhattan, the Port Authority’s core mission is to create the opportunity for economic growth in the metropolitan region by investing in interstate systems. Today’s announcement by Governors Christie and Cuomo supports that mission.
The Port Authority of New York and New Jersey
Steve Coleman or Ron Marsico, 212 435-7777