Press Release Article


STATEMENT FROM RAYMOND M. POCINO VP AND EASTERN REGIONAL MANAGER FOR THE LABORERS INTERNATIONAL UNION OF NORTH AMERICA REGARDING THE PORT AUTHORITY PLAN TO FINANCE ITS CAPITAL PROGRAM

Date: Aug 08, 2011
Press Release Number: 58-2011

“On behalf of the 40,000 laborers I represent in the greater New York/ New Jersey Metropolitan region, I strongly support the need for the Port Authority’s proposed toll and fare increases at its Trans-Hudson facilities. The additional revenues are necessary for the Port Authority to carry out its extensive capital program.

I applaud the Port Authority for taking the difficult, but necessary action to move forward critical projects like the raising of the Bayonne Bridge to accommodate future port commerce even when revenues are declining but our capital needs are growing.”

Our infrastructure is the foundation of our economy. Our region’s intermodal transportation network of airports, ports, highways and transit systems provide the gateway to global markets. The World Trade Center will again be the symbol for international business.

In the long term, investments in our infrastructure make our region more competitive and improve our ability to attract and retain business. Without a modern, efficient transportation system, we cannot maintain our position as the center of the world’s economy, nor can we sustain economic growth for future generations. A sound infrastructure also upgrades our environment and improves safety for the travelling public.

In the short term, capital expenditures create needed jobs. During these difficult economic times, unemployment among the Laborers whom I represent and the other members of the Building Trades in New Jersey and New York often exceed 20%. Construction projects also generate needed economic activity for vendors, suppliers and local businesses.

We cannot afford not to make these investments.

CONTACT:

The Port Authority of New York and New Jersey

Steve Coleman or Ron Marsico, 212 435-7777


Web Site Disclaimer
© 2001-CurrentYear The Port Authority of New York and New Jersey. All Rights Reserved.

The Port Authority of New York and New Jersey
(212) 435-7000  •  225 Park Avenue South, New York, NY 10003