Press Release Article


PORT AUTHORITY BOARD APPROVES $270 MILLION IN INVESTMENTS IN THE REGION’S TRANSPORTATION SYSTEM

Date: May 31, 2012
Press Release Number: 84-2012

Work to Generate 1,550 Job Years and $485 Million in Economic Activity

The Port Authority Board of Commissioners today approved $270 million in investments to maintain the region’s major transportation infrastructure in a state of good repair.

The largest investment – $143.5 million – will enable Stewart International Airport’s two runways to undergo a major rehabilitation. The project will include new runway pavement and electrical system upgrades. A contract for the work will be awarded in the fourth quarter of this year.

The Board also authorized $86 million for modifications to the aviation fueling system at Newark Liberty International Airport – which was built in 1971 – to keep it in a state of good repair and to comply with comply with current environmental regulations.

The Supervisory Control System at the Holland Tunnel – which monitors and controls various life safety, electrical, mechanical, ventilation and traffic control systems – will be replaced under a $34.3 million Board action.

Planning for the replacement, upgrade and expansion of fire alarm system infrastructure in 90 PATH locations will begin under a $4 million planning authorization approved by the Board.

The Board also approved a $3.6 million agreement with Turtle & Hughes Inc., to purchase and deliver two 2,000kw diesel generators and emergency power distribution substations for the World Trade Center Vehicle Security Center.

In addition to the Port Authority’s investments, the Board approved a lease amendment with JetBlue Airways that will allow the airline to invest $170 million to build a new international arrivals facility at its new Terminal 5 at John F. Kennedy International Airport.

CONTACT:
Port Authority of New York and New Jersey
Steve Coleman, 212 435-7777

The Port Authority of New York and New Jersey, which does not receive tax dollars from either state, operates many of the busiest and most important transportation links in the region. This includes 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 Brooklyn Piers/Red Hook Container Terminal; the Port Authority-Port Jersey 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.


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