Press Release Article


STATEMENT FROM PORT AUTHORITY EXECUTIVE DIRECTOR PATRICK J. FOYE AND MTA CHAIRMAN AND CEO THOMAS F. PRENDERGAST

Date: Jan 20, 2015
Press Release Number: 9-2015

Governor Cuomo has offered a clear vision and strong call for the transportation infrastructure that is absolutely essential for the New York region to compete successfully in the global economy. The Port Authority and the MTA are working closely to establish the scope, schedule and management of the LaGuardia AirTrain, just as they worked closely to create the successful JFK AirTrain. We will build this project in a cost-effective way that minimizes disruptions to nearby communities as well as airport operations, and we can get it done within five years of obtaining all necessary approvals. Both our organizations recognize the importance of these infrastructure projects and congratulate the Governor on his foresight.

CONTACT:
Port Authority of New York and New Jersey
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 the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. 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 raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.


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