Press Release Article


NEW YORK SHIPPING ASSOCIATION SUPPORTS PORT AUTHORITY PLAN TO RAISE THE BAYONNE BRIDGE AHEAD OF SCHEDULE

Date: Jul 20, 2012
Press Release Number: 102-2012

NYSA is a non-profit organization comprising ocean cargo carriers, terminal operators, stevedores and marine-related businesses

STATEMENT BY JOSEPH C. CURTO, PRESIDENT OF NEW YORK SHIPPING ASSOCIATION:

This is incredible good news and we are extremely pleased. I want to thank the leadership of the Port Authority and Governors Christie and Cuomo for their tremendous level of commitment to the importance of this project. They have demonstrated over and over again their full understanding of the important opportunity we have to grow our business with the expansion of the Panama Canal. This announcement sends a very strong message to NYSA's members and our worldwide port customers that we are significantly dedicated to getting the bridge ready ahead of time and we couldn't be more delighted.

CONTACT:
Steve Coleman, 212 435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where construction crews are building the iconic One World Trade Center, which is now the tallest skyscraper in New York. The Port Authority receives no tax revenue from either the state of New York or New Jersey or from the City of New York. The agency relies on revenues generated by facility users, tolls, fees and rents as well as loans, bond financing, and federal grants to fund its operations. For more information, please visit http://www.panynj.gov.


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