Date: Aug 08, 2011
Press Release Number: 63-2011
The Utility and Transportation Contractors Association (UTCA) supports the plan of the Port Authority of New York and New Jersey to increase the tolls and fares at its Trans-Hudson facilities. Additional revenue, from the proposed increases, is necessary to keep the Port Authority’s facilities in good repair and to carry out its “job producing” capital construction program.
Bob Briant, CEO of UTCA, noted that some of the new revenues will be utilized to raise the Bayonne Bridge to accommodate future port commerce which will lead to further revenue for the metropolitan region, while generating additional jobs. Briant also noted that increased revenues will provide for critical improvements to the George Washington Bridge, Lincoln Tunnel improvements and improvements at the Port Authority Bus Terminal in New York City. Many of these improvements have been deferred for years.
All of these improvements, and others, relate directly to those who pay tolls and utilize the facilities. Fortunately, these improvements will also speed the flow of commerce to the region which is critical to future growth.
The plan to increase revenue to the Port Authority serves as an important investment in the economic future of the metropolitan region.
The Port Authority of New York and New Jersey
Steve Coleman or Ron Marsico, 212 435-7777